On 27 June 2025, the Financial Conduct Authority (FCA) issued Policy Statement 25/7 – Data Decommissioning: Removing reporting and notification requirements (PS25/7).
Background
On 16 April 2025, the FCA published Consultation Paper 25/8 – Data Decommissioning: Removing reporting and notification requirements (CP25/8). In CP25/8, the FCA proposed removing two regular data returns, a notification requirement, and outdated Handbook content. The consultation closed on 14 May 2025.
In PS25/7 the FCA summarises the feedback it received to CP25/8 and confirms its decision on the proposed changes.
Changes
Having considered the feedback to CP25/8 the FCA is immediately removing the following data collections:
- FSA039 – Client money and client assets.
- RMA-F – Section F of the Retail Mediation Activities Return (RMAR).
- Form G – an event driven individual adviser complaints notification.
The decommission of returns outlined above will come into force on 27 June 2025. FSA039 and RMA-F will be switched off in RegData, effective 11 July 2025.
Further work
The FCA will continue to work on the data decommissioning workstream. It has consulted on further data decommissioning in the June Quarterly Consultation Paper, CP25/16.