UK Accounting Glossary
Information held on file in a computer for long-term use because it does not often change.
Information held on file in a computer for long-term use because it does not change often. An example is the names and addresses of clients.
All firms directly authorised with the Financial Conduct Authority (FCA) must periodically check their standing data to ensure that it’s compliant with FCA regulations.
If any standing data is incorrect, a firm must submit the corrected standing data to the FCA within the prescribed period of time.
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Definitions for Standing Data are sourced/syndicated from:
This glossary post was last updated: 4th May 2019.