The UK Financial Conduct Authority (FCA) has published a call for input for smarter regulatory reporting.  The FCA is exploring how it could use technology to make the current system of regulatory reporting more accurate, efficient and consistent and wants to find ways to make its reporting rules less reliant on human interpretation. The FCA also wants to help firms implement changes to its rules more quickly. 

With this in mind, the FCA is looking for industry input and feedback on the possibility of moving to “Model Driven Machine Executable Regulatory Reporting”, which is explained in more detail in the call for input paper. 

The FCA has announced that there will be a series of roundtables to further discuss some of the relevant legal, technological and regulatory issues. If you would like to attend any of these roundtables please contact [email protected] using ‘Machine Executable Roundtables’ in the subject heading.  Comments on the call for input are due 20 June 2018. 

Please contact Jennifer Wood if you would like to contribute to an AIMA response.