The UK Financial Conduct Authority (FCA) has published final policy statement PS25/7, alongside an updated webpage, on data decommissioning. Following the FCA's consultation in April, it has proceeded with:
- Removing the requirement for data collection relating to: (i) FSA039—Client money and assets, (ii) Section F of the Retail Mediation Activities Return (RMAR) and (iii) Form G—The Retail Investment Adviser Complaints Notifications Form.
- Simplifying the FCA Handbook to remove guidance about data collections that have already been decommissioned.
- Entirely removing forms that are already included in the Annexes to SUP 16.
These changes support the FCA's five-year strategy to become a smarter, more data-driven regulator. The changes are implemented through the Data Decommissioning Instrument 2025, effective from 27 June. The FCA states it will continue to review and streamline data collections to maintain effective supervision while reducing regulatory burdens.
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