Is your firm ready for PS24/3?
Are you prepared for the new FCA Product Sales Data Reporting Requirements?
Jaywing offers a comprehensive solution to help consumer credit firms navigate the FCA PS24/3 requirements. Our expert team provides end-to-end support, from initial data audits to ongoing compliance management, ensuring your firm meets all regulatory deadlines efficiently and cost-effectively.
PS24/3 requirements at a glance
- New mandatory PSD returns for consumer credit firms
- Applies to firms with £2m+ in outstanding balances/new advances
- Quarterly reporting on 347 data elements
- First returns due as early as October 2025
How Jaywing can help
Our comprehensive approach ensures your firm's smooth transition to PS24/3 compliance:
1. Thorough data audit
Our specialist data scientists conduct a detailed assessment of your current data availability, identifying gaps and recommending system changes.
2. Data integration
Jaywing's experienced team designs and implements a central Data Store tailored to your needs. Whether it's a new data warehouse or an extension of existing systems, we ensure all required data is reliably consolidated.
3. Standardised FCA reporting solution
We develop and implement standardised processes for the required quarterly reports. Our tried-and-tested approach provides outputs that meet FCA specifications, saving you time and reducing compliance risks.
4. Ongoing data quality management
Data quality is paramount for regulatory compliance. We establish robust validation processes to maintain data accuracy and reliability over time, helping you avoid potential regulatory issues.
5. Expert guidance and support
Our team of regulatory and data experts provides ongoing support, keeping you informed of any changes and helping you adapt your compliance strategy as needed.
Book a free consultationExpert-driven compliance
Leverage Jaywing's deep industry knowledge and regulatory expertise to ensure robust PS24/3 compliance. Our team of specialists stays ahead of regulatory changes, translating complex requirements into actionable strategies.
Efficiency through tailored solutions
Save time and resources with our bespoke approach to PS24/3 compliance. We tailor our services to your specific needs, optimising your existing processes and systems where possible. This approach minimises disruption while maximising the effectiveness of your compliance efforts.
Future-proofed data strategy
Our comprehensive approach lays the foundation for a robust, scalable data infrastructure. This forward-thinking strategy positions your firm to easily adapt to future regulatory changes and leverage data for business insights, giving you a competitive edge in the market.
Why act now?
Early preparation for PS24/3 compliance. With the first returns due as early as October 2025, the clock is ticking on a complex process that demands significant changes to data collection, management, and reporting systems. The extensive nature of the new requirements—encompassing 347 data elements—means that firms need ample time to identify gaps, implement necessary changes, and ensure data accuracy. Moreover, early adopters gain a competitive edge, leveraging enhanced data capabilities for strategic insights well ahead of the deadline.
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Take the first step to PS24/3 compliance.
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