A rotating control device (RCD) for use with a drilling unit includes a body having a flange formed at an end thereof for coupling to the drilling unit; a seal assembly for receiving and sealing against a tubular; a bearing assembly for supporting rotation of the seal assembly relative to the body; a releasable connection connecting the bearing assembly to the body; a transmitting assembly rotatable with the seal assembly; and a receiving assembly attached to a non-rotating portion of the RCD.