Regulatory reporting

Regulatory reporting is a significant administrative burden, especially for small firms in the payments sector. The FCA’s requirements are stringent, making it beneficial to engage an experienced compliance consultancy to avoid costly errors and save time.

Key regulatory reports

Here are some key regulatory reports you may need to file under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011:

• Payment Services and Electronic Money Complaints Report
• REP017 Payments Fraud Reporting
• REP018 Operational Risk Reporting
• REP014 Payment Accounts
• REP020 Quarterly statistics on availability and performance of dedicated interfaces
• FIN060a or FIN060b Annual Return
• FSA056 Authorised Payment Institution Capital Adequacy Return
• REP001 Annual Close Links Report
• REP002 Annual Controllers Report
• FSA057 Payment Services Directive Transactions Report
• FSA065 Total outstanding e-money at 31 December
• REP-CRIM

Report in focus: REP018

The REP018 report is one of the most challenging and technical, focusing on operational and security risks within your business. It demonstrates the robustness and resilience of your organisation to the regulator. A full REP018 must be filed annually, including an independent audit of all IT security measures.

How we work with you

We handle the heavy lifting in regulatory reporting, managing filings and submitting them on your behalf through your FCA RegData login. Our ongoing support service ensures your reports are always up-to-date and submitted on time.

What makes us different?

Unlike our competitors, who often rely on regulatory specialists, we have highly experienced IT professionals who understand the payments and electronic money sectors. This allows us to offer the expertise that most small businesses cannot afford to hire in-house.