
INTEGRATED REGULATORY REPORTING (IRR)
The FSA has reviewed the type and quality of regular, standardised information it requires from firms in order to:
Thus, in 2008, all investment firms, once they fully implement the CRD, will have to submit a set of standardised forms called ‘data items’ that will replace the existing financial return formats. Firms will also be required to submit these data items electronically as required by Mandatory Electronic Reporting (MER) from 1st July 2008.