Q: Who is subject to consolidated reporting?
A: Banks, building societies and BIPRU investment firms that are subject to consolidated prudential requirements will see consolidated data items in their schedule.
Q: How do I notify the FCA or PRA of changes to our group structure?
A: Please use the appropriate form and complete it following the instructions provided.
Q: What is group reporting?
A: Group reporting is an arrangement which allows for the single submission of a data item if 2 or more authorised firms in a group are subject to the same consolidated reporting requirement (ie, if 2 or more firms in a group are required to submit the same data item for the same reporting period, we will accept a single submission on behalf of all firms in the group.)
If there is only 1 authorised firm in the group, the 'group' reporting arrangement will not be available and the firm must submit the consolidated data items itself.
Q: Which reporting bases are catered for in Gabriel?
A: Consolidated data items in Gabriel are limited to banks, building societies and BIPRU investment firms, and any other members of groups which contain such firms. (Insurers do not report prudential data via Gabriel at this time).
Prudential data such as Balance Sheet, Income Statement, Large Exposures and Capital will be scheduled on an unconsolidated basis (or on a solo-consolidated basis if a firm has a solo-consolidation waiver or deemed waiver).
If the firm is part of a UK Consolidation Group (see BIPRU 8) it will also be presented with prudential data items on a UK Consolidation Group basis.
In addition there are 3 data items that may be reported on a different form of consolidation:
- FSA018: for firms that are part of a UK Integrated Group, please speak to your usual supervisory contact and they will be able to assist you in setting up this group.
- FSA013: for banks on the sterling stock liquidity regime.
- FSA028 (Non-EEA Sub-Groups) will be presented to all BIPRU firms that are part of a UK Consolidation Group other than building societies. There is no group reporting for FSA028.
Q: How does group reporting work in Gabriel?
A: Group reporting will only apply where there are two or more authorised firms in a group are subject to the same consolidated reporting requirement.
For firms using the online forms to key-in data, consolidated data items will be pre-populated with a list of reference numbers for all BIPRU the firms in the group. This list is based on the information we hold about the group. If this list is incorrect, you should contact us.
If you are using XML upload or Direct Communications to submit your returns, you will need to include the firm reference numbers in the XML file, as required by the schema. The reference numbers should match the group information supplied to the FCA or PRA. Each firm that is subject to a consolidated prudential requirement is required to submit a prudential return. If a firm in a group is not the submitting firm and its FRN is not provided in the XML file, then the consolidated reporting requirement will not be removed from the schedule of that firm. These firms may consequently be identified as late or non-reporters.
Q: Who has to submit the 'consolidated' data items on behalf of the 'group'?
A: If more than one authorised firm is required to report the same consolidation, ie part of a 'group', then we will accept one submission on behalf of all firms in the 'group' but each firm is individually subject to the obligation to report.
We do not normally require the 'group' to nominate a firm to submit the data items.
When the data item is submitted by one firm in the 'group', we will automatically reconcile the submitted data item with the other firms in the group and mark the data item as 'received' in the schedules for the other firms, using the term 'Satisfied for group' assuming of course all relevant FRNs have been provided.