We are proposing to remove unnecessary data reporting, that will benefit nearly all firms, helping to reduce burden and unlock economic growth.
Following the launch of our consultation to remove 3 regulatory returns, we have now identified further returns that are no longer needed.
We are proposing to:
- Decommission REP022 (General Insurance Pricing Attestation) and retail investment advisers (RIA) Complaints.
- Reduce the frequency of reporting for REP009 (Consumer Buy-To-Let Mortgage Aggregated Data)
- Remove the requirement to submit nil returns for REP008 (Notification of Disciplinary Action relating to conduct rules staff – other than SMF managers).
We'll also remove these collections from our Handbook, helping to further simplify our reporting requirements and to deliver on our commitment in our 5-year strategy to be a smarter regulator, making data collection more proportionate.
To further support firms with more streamlined reporting, we have recently launched My FCA, providing firms with a single sign-in and all regulatory tasks in one place.