The importance of accurate regulatory returns
The reporting of financial (capital and liquidity) and non-financial information forms the foundation of the FCA's approach to supervision. For many firms, this will be the only contact they have with the regulator throughout the year.
The majority of reporting is done through the FCA’s RegData web portal (previously Gabriel) and can appear to be deceptively simple. To complete these reports accurately and in a timely manner firms must understand how the relevant rules apply to their business and the data which needs to be gathered on an ongoing basis.
However, there are a lot of common mistakes made. The FCA analyses the returns and will pick up issues and anomalies which they will raise with you, inviting unwanted regulator attention.
How we can support you
To help you avoid making costly mistakes we can provide you with expert advice and support to ensure you meet your ongoing commitments as a regulated business. We offer three levels of service:
1. We review your regulatory filing reports before you submit them to the regulator.
2. We prepare your regulatory filing reports which you then review and submit to the FCA.
3. Where we prepare the regulatory filing report, we upload them onto the relevant platform once you have approved them.
regulatory reporting guide
advisory services guide
A break down of our core service offerings are detailed as below:
Regulatory reporting process implementation
We will:
- Conduct a ‘deep-dive’ to understand your business and assess how the relevant regulatory requirements apply to you;
- Understand the management information produced within your organisation and assess whether it is ‘fit for purpose’; and
- Using the management information you have available, we will develop reporting processes to enable you to streamline and standardise your approach to regulatory reporting.
Ongoing reporting support
We will:
- Provide you with detailed information requests based on our understanding of your business, the relevant rules and the reporting you are required to complete;
- Based on the information you provide us, we will complete regulatory financial resources calculations and draft your returns;
- Populate your returns in RegData and provide you with supporting calculations for your review; and
- Arrange for submission of these returns following your approval.
Ongoing Annex IV reporting
We will:
- Provide you with detailed information requests based on our understanding of the portfolios you manage;
- Based on the information provided, populate your Annex IV reports in Regdata and provide you with supporting workings for your review; and
- Arrange for submission of these reports following your approval.
CONTACT US TO LEARN MORE ABOUT OUR OFFERINGS
Why choose Cosegic?
Our 360 degree perspective of regulatory affairs
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Our 360 degree perspective of regulatory affairs
Our wide range of financial sector experts come together on a regular basis to discuss their interactions with the FCA and the regulatory trends that they are seeing, providing us with a more informed understanding of the FCA than our competitors.
Direct, proportionate advice
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Direct, proportionate advice
Our unique perspective means we really do have our fingers on the pulse of regulation, which helps us to ensure that the advice we offer is practical, helpful and directly proportionate to our clients’ needs.
Our understanding of the role of compliance in firms
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Our understanding of the role of compliance in firms
We have watched the evolution of compliance over the past twenty years and understand that compliance must now become a core part of how financial services carry out their businesses in order for them to be successful.
Compliance confidence for visionary growth
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Compliance confidence for visionary growth
In recognising this, our services have been built in a way that can help you navigate regulation ensuring you will keep your vision and objectives intact. Our breadth of experience allows us to balance your business objectives with your compliance requirements.
