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News for Members

01 March 2016

GABRIEL Product Sales Reporting Update

Some of our members have received conflicting information about the reporting of Product Sales Data (PSD) on GABRIEL following authorisation. 

The matter was raised at a meeting between the CCA and FCA last week.  Here is the formal FCA response to our request for clarification:

Any firm which held interim permission but has now been authorised with entering HCSTC or home collected credit permissions should only report transactions made on or after their authorisation date.  The first submission of returns CCR001-CCR007 should only include data reflecting the period from the date of full authorisation.

Please ensure that your PSD reports comply with this requirement.

CCA News

CCA News - January 2015 cover

Our quarterly magazine, CCA News, keeps our members up to date with all the latest news and issues affecting the home credit industry.

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