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UK financial sector sees plan to ease data-reporting requirements

( April 16, 2025, 09:35 GMT | Official Statement) -- MLex Summary: A range of UK financial services providers — such as insurance intermediaries, mortgage intermediaries, retail investment intermediaries and investment managers — have been asked for feedback on a proposal to ease their data-reporting requirements. The Financial Conduct Authority said the proposal is set to benefit 16,000 firms. The FCA said this is the first tranche of data collections that it wants to remove, and that later this year, it expects to be able to consult on the removal of even more. The consultation is open until May 14.Consultation is attached....

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