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    PRA Releases Hotfix for Insurance DPM and XBRL Taxonomy Version 1.0.0

    April 08, 2019

    PRA released a hotfix for the BoE insurance data point model (DPM) and XBRL taxonomy version 1.0.0, along with the technical artefacts to address inconsistencies identified in the technical implementation of reporting requirements. The hotfix release is to be used from December 31, 2018 reference date until a new version is published. PRA also published an updated Solvency II XBRL filing manual to update the sections that reference the BoE insurance XBRL filings. Additionally, PRA published a document to address inconsistencies in the National Specific Template NS.07 and assist firms in its submission for the year-end 2018.

    The hotfix release package contains the following documents:

    • Hotfix release notes for BoE Insurance DPM and XBRL taxonomy version 1.0.0 
    • BoE Insurance DPM and XBRL taxonomy—List of known issues
    • BoE Insurance DPM version 1.0.0—Hotfix
    • BoE Insurance XBRL taxonomy version 1.0.0—Hotfix
    • BoE Insurance validations version 1.0.0—Updated to indicate deactivated rules that should be ignored for the purpose of filing preparation. It is to be noted that PRA may choose to reactivate the rules after correction or when they become applicable

    National Specific Templates address the areas that stem from specific national requirements or specificities of local markets, which are otherwise not addressed in the set of Solvency II harmonized templates. Specifically, it has been identified that in the NS.07 template, for rows R0420, R0430, R0435, R1710, R1720, R1730, R1930, and R1945, there are some inconsistencies between the NS.07 LOG and the NS.07 template as well as inconsistencies between the reporting period and the plan years. When submitting NS.07, firms should read the NS.07 LOG file alongside the information provided in the document “Interpretation of the National Specific Template NS.07 LOG file for the year-end 2018 reporting only.”

     

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    Keywords: Europe, UK, Insurance, Solvency II, XBRL, Taxonomy 1.0.0, NST, DPM, Reporting, Hotfix, National Specific Templates, BoE, PRA

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