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Data quality review of prudential regulatory reporting by MIFIDPRU investment firms

A general view of Tower 42 (NatWest Tower), 22 Bishopsgate (also known as Horizon 22), 8 Bishopsgate (sometimes referred to as 'the Jenga') and 1 Leadenhall Street commercial skyscrapers are seen behind the Royal Exchange by the Bank of England at Bank on January 29, 2026 in London, United Kingdom.
Commercial skyscrapers behind the Royal Exchange by the Bank of England in London. Photo: John Keeble/Getty Images

The FCA’s findings from the review, its expectations, good practice, and areas for improvement.

The FCA continues to focus on the poor quality of data many firms are submitting through their regulatory returns.

Regulatory attention in this sphere can quickly escalate, with questions on returns often triggering wider concerns regarding a firm’s capital, liquidity, and the effectiveness of its governance and risk management framework.