Firm burden measure survey launched for FCA reporting firms

The survey has been designed to improve understanding of the cost of regulatory reporting to firms, and specifically the types of burden for firms within the Financial Services industry in the UK. This The results from the survey will form the basis of a Regulatory Reporting Firm Burden model. The metrics gained here differ from previous assessments by FCA on firm burden, as it specifically focuses on the financial impact of regulatory compliance activities, including the time and cost spent on filling forms and gathering the information required for reporting collections - both direct firm burden costs and employee-related costs incurred in compliance activities. Through this, we aim to provide a more precise understanding of the cost pressures firms face in adhering to regulatory compliance as well as form a model for types of Regulatory Reporting Firm Burden classification which will form the baseline metrics for various TDC workstreams.

If you are an FCA reporting firm and would like to complete the survey, you can access here. The survey will be open for eight weeks, closing on Friday 27 June 2025 at 5pm.

If you have any questions or would like further information about the survey, please email us at [email protected]