Changing standing data
Produced in partnership with Orrick, Herrington & Sutcliffe (Europe) LLP
Changing standing data

The following Financial Services practice note Produced in partnership with Orrick, Herrington & Sutcliffe (Europe) LLP provides comprehensive and up to date legal information covering:

  • Changing standing data
  • Reporting requirements
  • Requirement to check the accuracy of standing data and to report changes to the appropriate regulator
  • Incoming EEA firms changing details
  • UK Authorised Firm changing EEA branch addresses
  • GABRIEL System
  • Financial Services Register
  • Consequences of providing inaccurate, false or misleading information

Chapter 16 Annex 16A of the Financial Conduct Authority (FCA) Handbook's Supervision Manual (FCA SUP 16, Annex 16A) sets out a list of standing data which the regulators hold in relation to each authorised firm. This standing data includes:

  1. the registered name of a firm and any trading names

  2. registered office and principal place of business

  3. website address

  4. complaints contact and complaints officer

  5. the name and email address of the principal compliance contact

  6. information about the firm on the Financial Services Register

  7. name and address of firm's auditor

  8. accounting reference date, and

  9. details of any locum used

Standing data is used by the FCA and PRA:

  1. to ensure that a firm is presented with the correct regulatory return when it seeks to report electronically

  2. to communicate with a firm

  3. as the basis for some sections of the Financial Services Register, and

  4. to carry out thematic analysis across sectors and groups of firms

It is therefore very important that the standing data that the regulators hold about firms is accurate and up-to-date. Each authorised firm is responsible for ensuring that it discloses any changes in its standing data to the appropriate regulator (ie the PRA and/or the FCA).

The PRA works closely with the FCA in the collection and management of regulatory data. Much of the regulatory data for PRA firms continues to be collected by the FCA. This includes

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