The Financial Conduct Authority (FCA) is set to launch My FCA on 31 March 2025, a new portal designed to simplify regulatory reporting and attestation tasks for registered and authorised firms. This marks a significant milestone in the FCA’s Transforming Data Collection programme, a joint initiative with the Bank of England aimed at reducing the burden of regulatory compliance.
What is My FCA?
My FCA is an integrated platform that consolidates essential regulatory information from Connect, RegData, and the Online Invoicing System. Once signed in, firms can:
- View all scheduled regulatory reporting and attestation tasks in one place.
- Access key regulatory updates and notifications without navigating multiple systems.
- Sign in once to gain direct access to Connect, RegData, and the Online Invoicing System.
Why this matters for regulated firms
For compliance professionals, My FCA streamlines the compliance process by reducing time spent switching between platforms. This means:
- Improved efficiency in meeting regulatory deadlines.
- Greater transparency over upcoming reporting and attestation obligations.
- Fewer administrative hurdles, ensuring compliance efforts are focused where they matter most.
What firms need to do
To prepare for the launch, firms should:
- Ensure their teams are aware of the 31 March 2025 go-live date.
- Test their access using existing login credentials for Connect, RegData, or Online Invoicing.
- Add https://myfca.fca.org.uk to their list of trusted websites before launch.
How Neopay can help
At Neopay, we understand the challenges firms face in managing regulatory compliance. The launch of My FCA is a positive step towards simplifying compliance, but firms still need to ensure they remain compliant with evolving regulatory requirements.
Our expert team can help you:
- Optimise your compliance framework in line with FCA expectations.
- Train your teams to navigate the My FCA portal effectively.
- Ensure your reporting processes remain robust and aligned with best practices.
If you need guidance on how My FCA fits into your compliance strategy, get in touch with us today.
