Many firms are getting an email from the FCA at the moment telling them that they have a new report to complete on GABRIEL. This is the quarterly report on domain names required under Consumer Credit Rules.
It is fairly straightforward. There are three boxes in the return,
Left: to record the domain name in the format http://www.domainname.whatever
Middle: to record the date of acquisition of the domain name if it was during the period of the report
Right: to record the date of disposal of the domain name if it was during the period of the report
The period of the report is recorded a bit above the line of these boxes .
If you have more than one domain name you can add extra by clicking on the Add box and then you repeat for the rest.
If you have had the domain name for ages ( then all you will record isthe full domain name in the box on the left.
I have to confess my understanding was that you only had to report a domain name if you charged a fee but i have seen two firms notified where no fee is charged and there is no option to specify that no fee is charged.
What you should do :-
Safest option is to log into GABRIEL ( username and password NOT email address and password as this is not the CONNECT system) and check that you don't have a return waiting. if you have one, complete it before the deadline even if you don't charge a fee. The deadline for completion I believe is 11th August 2015 but don't take my word for that.
The fine system of £250 applies as far as I am aware for non completion.
No comments:
Post a Comment