Featured Product

    PRA Finalizes Policy on Minor Amendments to Regulatory Reporting

    December 05, 2018

    PRA published the policy statement PS30/18, which contains the final policy following a consultation (CP16/18) on certain amendments to regulatory reporting. These amendments involve several FSA, PRA, and RFB data items. PS30/18 is relevant to banks, building societies, PRA-designated investment firms, and dormant account fund operators.

    The policy statement covers the following changes:

    • Final rules in PRA Rulebook related to regulatory reporting (Appendix 1 of PS30/18). These rules will take effect on January 01, 2019.
    • The updated supervisory statement SS34/15 on guidelines for completing regulatory reports (Appendix 2 of of PS30/18). PRA101-103 (capital+ forecast) instructions take effect from December 05, 2018, data items and instructions in Appendices 9 and 10 of SS34/15 (RFB001 to RFB008 and PRA109) take effect from January 01, 2019, and PRA110 (cash flow mismatch) instructions take effect from July 01, 2019.
    • Updated SS32/15 on Pillar 2 reporting, including instructions for completing data items FSA071 to FSA082 and PRA111 on stress test data (Appendix 3 of PS30/18). SS32/15 takes effect from January 01, 2019.
    • Specific changes to the RFB004 template (on intragroup financial reporting: detailed breakdown) have been outlined in Appendix 5 of PS30/18.

    These rules and supervisory statements also include updated templates and instructions. To assist the reader, a mapping table has been included in Appendix 4 of PS30/18 and the table outlines templates and instructions contained in SS32/15 and in SS34/15. Appendix 4 also presents the effective dates for the templates and instructions included in the supervisory statements.

    PRA received no responses to the consultation on these amendments (CP16/18), which ran from July 2018 to October 2018. However, PRA had identified minor changes to be made in relation to the proposals in the CP16/18. The additional changes have been set out in Chapter 1.6 of PS30/18. PRA has made the changes to the PRA110 reporting instructions, as proposed in CP16/18. However, changes to the reporting level of consolidation in PRA110 rules are subject to the outcome of CP22/18 titled "Liquidity reporting: FSA047 and FSA048."

     

    Related Links

    Effective Date: January 01, 2019 (PRA Rulebook)

    Keywords: Europe, UK, Banking, Reporting, PS30/18, Pillar 2, SS32/15, SS34/15, PRA Rulebook, Liquidity Risk, Stress Testing, Ring Fencing, Capital+, PRA

    Featured Experts
    Related Articles
    News

    APRA Decides to Standardize Submission Date for Quarterly Reporting

    APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.

    May 11, 2021 WebPage Regulatory News
    News

    EBA Publishes Phase 1 of Reporting Framework 3.1

    EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).

    May 10, 2021 WebPage Regulatory News
    News

    UK Government to Set Out Rules on Wind-down of Critical Benchmarks

    HM Treasury notified that, after considering all responses, the government intends to bring forward further legislation, when the Parliamentary time allows, to address issues identified in the consultation on supporting the wind-down of critical benchmarks.

    May 07, 2021 WebPage Regulatory News
    News

    EIOPA Launches Stress Test for Insurance Sector in EU

    EIOPA launched the 2021 stress test for the insurance sector in EU.

    May 07, 2021 WebPage Regulatory News
    News

    UK Authorities Publish Third Edition of Regulatory Initiatives Grid

    UK authorities jointly published the third edition of Regulatory Initiatives Grid setting out the planned regulatory initiatives for the next 24 months.

    May 07, 2021 WebPage Regulatory News
    News

    EC Consults on Regulation on Non-Financial Sustainability Disclosures

    EC is requesting feedback on the proposed Commission Delegated Regulation on the content, methodology, and presentation of information that large financial and non-financial undertakings should disclose about their environmentally sustainable economic activities under the Taxonomy Regulation.

    May 07, 2021 WebPage Regulatory News
    News

    OSFI Outlines Prudential Policy Priorities for Coming Months

    OSFI has set out the near-term priorities for federally regulated financial institutions and federally regulated private pension plans for the coming months until March 31, 2022.

    May 06, 2021 WebPage Regulatory News
    News

    BIS Announces TechSprint on Innovative Green Finance Solutions

    Under the Italian G20 Presidency, BIS Innovation Hub and the Italian central bank BDI launched the second edition of the G20 TechSprint on the lookout for innovative solutions to resolve operational problems in green and sustainable finance.

    May 06, 2021 WebPage Regulatory News
    News

    ACPR Publishes Version 1.0.0 of RUBA Taxonomy

    ACPR published Version 1.0.0 of the RUBA taxonomy, which will come into force from the decree of January 31, 2022.

    May 06, 2021 WebPage Regulatory News
    News

    EBA Proposed Regulatory Standards for Central Database on AML/CFT

    EBA proposed the regulatory technical standards on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in EU.

    May 06, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6944