# The Data Reporting Services Regulations 2017 (revoked) S.I. 2017/699 · made 21 June 2017 · revised to 5 April 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Introductory text Financial Services And Markets Made 21st June 2017 Laid before Parliament 22nd June 2017 Coming into force in accordance with regulation 1(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 1: Introductory Provisions ## 1 Citation and commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2A References to EU Regulations etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 CTP definition and conditions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Retained EU law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 2: Authorisation of Data Reporting Services ## 5 Prohibition on provision of data reporting service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Register of data reporting service providers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Application for authorisation to provide a data reporting service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Application for verification of compliance with these Regulations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Conditions for authorisation to provide a data reporting service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Determination of an application for authorisation to provide a data reporting service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Cancellation of an authorisation to provide a data reporting service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Variation of an authorisation to provide data reporting services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12A Deemed authorisation to provide a data reporting service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12B Regulator response . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12C Period during which regulation 12A is to apply . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 3: Operating Requirements ## 13 Requirements for the management body of a data reporting service provider . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Conditions for an APA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Conditions for a CTP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Conditions for an ARM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 4: Administration and enforcement ### Chapter 1: The FCA ### Functions of the FCA ## 17 Functions of the FCA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Monitoring and enforcement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 Co-operation and consultation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Guidance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Reporting requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Restrictions on authorisation ## 22 Restrictions on authorisation to carry on data reporting services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Administrative sanctions ## 23 Public censure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 Financial penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Warning notice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 Decision notice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Statements of policy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Statements of policy: procedure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Offences ## 29 Misleading the FCA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 Breach of the prohibition on provision of data reporting service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 Restriction on penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 2: Application of the Act for the purposes of the Regulations ## 32 Application of Part 9 of the Act (hearings and appeals) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 Application of Part 11 of the Act (information gathering and investigations) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 Information given by an auditor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 Restrictions on disclosure of information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36 Application of Part 25 of the Act (injunctions and restitution) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 Application of Part 26 of the Act (notices) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 38 Application of Part 27 of the Act (offences) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 Application of section 413 of the Act (protected items) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 FCA: penalties, fees and exemption from liability in damages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 3: Application of secondary legislation for the purposes of the Regulations ## 41 Service of notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 Disclosure of confidential information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43 Communications by auditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 5: Miscellaneous ## 44 Record keeping . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45 Reporting of infringements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 46 Application to Gibraltar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 Applications for authorisation and verification: CTP definition and conditions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 48 Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Explanatory note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/uksi/2017/699 (the official version) Page: https://openlegislation.uk/data-reporting-services-regulations-2017-revoked Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.