What is 'reporting' in the context of FCA regulations?

In the context of FCA regulations, 'reporting' refers to the obligation of firms to submit specific information to the Financial Conduct Authority (FCA). This requirement is essential for maintaining transparency and oversight within the financial markets. Reporting allows the FCA to monitor compliance with regulations, assess individual firms' risk profiles, and ensure that consumer protection standards are upheld. By requiring firms to report certain data, the FCA can identify trends, potential issues, and areas where regulatory intervention may be necessary.

On the other hand, marketing new products, providing annual performance reviews to clients, and conducting customer satisfaction surveys are activities that do not directly involve the reporting obligations set by the FCA. While these activities may fall under different areas of a firm's operations or interactions with clients, they are not concerned with the formal reporting requirements meant for regulatory compliance and oversight.