FCA Technical Update on CRD IV Reporting (13/31)

4th November 2013

Following our Regulatory Bulletin on Strengthening Capital Standards: FCA is consulting on the CRD IV (13/24), the Financial Conduct Authority (FCA) has issued technical guidance on submitting the Common Reporting (COREP), the Financial Reporting (FINREP) and the FSA0xx returns under CRD IV.

Reporting obligations for CRD III firms remain unchanged (i.e. FSA0xx templates only). Firms subject to CRD IV will use GABRIEL to submit their COREP/FINREP and/or FSA0xx returns. The same log-in details and administrator set-up that apply to existing FSA0xx data items will apply to COREP and FINREP.

A new section of “XBRL submissions” will be added to the GABRIEL system and firm users will be able to submit XBRL returns and view and download XBRL submissions using the same facilities as provided for the current XML submissions.

CRD IV firms will still need to report FSA0xx templates that are not covered by COREP/FINREP.

The full FCA CRD IV Technical Update can be found here. As always if you have queries please contact any member of CPA compliance team.

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