Featured Product

    PRA Amends Rulebook and Capital+ and RFB Reporting Templates

    December 19, 2019

    PRA published a policy statement (PS27/19) that provides final rules amending the Regulatory Reporting Part of the PRA Rulebook, Capital+ reporting templates (PRA101 and PRA102), and ring-fenced body (RFB) reporting templates (RFB003, RFB004, and RFB008). The proposals on these amendments were covered in Chapter 4 of an occasional consultation paper (CP25/19). CP25/19 proposed minor amendments to the PRA Rulebook Parts, supervisory statements, statements of policy (SoPs), and the relevant templates. The consultation period for Chapter 4 of CP25/19 closed on November 18, 2019. The policy presented in PS27/19 will take effect on March 01, 2020 for Capital+ reporting templates and on June 01, 2020 for ring-fenced body reporting templates.

    PRA will also be updating links to the templates in appendices to the supervisory statement (SS34/15) on guidelines for completing regulatory reports. PS27/19 is relevant to UK banks, building societies, and PRA-designated investment firms. PRA has highlighted that version 3.3.0 of the BoE Banking XBRL taxonomy, which was published on November 28, 2019, contains minor presentational differences to the templates published in PS27/19. These differences will be corrected in a future taxonomy update.

    The policy set out in PS27/19 has been designed in the context of the current UK and EU regulatory framework. PRA will keep the policy under review to assess whether any changes would be required due to changes in the UK regulatory framework, including those arising once any new arrangements with EU take effect. In the event that UK leaves EU with no implementation period in place, PRA has assessed that the policy would not need to be amended under the EU (Withdrawal) Act 2018.

     

    Related Links

    Effective Date: March 01, 2020 (PRA101 and PRA102); June 01, 2020 (RFB003, RFB004, and RFB008)

    Keywords: Europe, UK, Banking, Securities, Reporting, PRA Rulebook, Capital+, Ring-Fencing, RFB, CP25/19, COREP, FINREP, PS27/19, CRR, PRA

    Featured Experts
    Related Articles
    News

    APRA Updates Validation and Derivation Rules in September 2020

    APRA updated the lists of the Direct to APRA (D2A) validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities.

    September 24, 2020 WebPage Regulatory News
    News

    EC Proposes Frameworks for Crypto-Assets and Operational Resilience

    EC adopted a package that includes the digital finance and retail payments strategies and the legislative proposals for regulatory frameworks on crypto-assets and digital operational resilience.

    September 24, 2020 WebPage Regulatory News
    News

    ECB Publishes Opinion on Proposals to Amend Securitization Framework

    ECB published an opinion (CON/2020/22) on proposals for regulations amending the securitization framework of EU, in response to the COVID-19 pandemic.

    September 24, 2020 WebPage Regulatory News
    News

    FCA Consults on Regulation of International Firms in UK

    FCA is consulting on its approach to the authorization and supervision of international firms operating in UK.

    September 23, 2020 WebPage Regulatory News
    News

    MAS Amends Notice on Capital Adequacy Requirements of Banks

    MAS published amendments to Notice 637 on the risk-based capital adequacy requirements for reporting banks incorporated in Singapore.

    September 23, 2020 WebPage Regulatory News
    News

    FCA to Begin to Move Firms to New Data Collection Platform RegData

    FCA announced that it will move firms to RegData from Gabriel in the coming months in stages, based on the reporting requirements of firms.

    September 23, 2020 WebPage Regulatory News
    News

    ISDA Expects IBOR Fallbacks to be Effective by End of January 2021

    ISDA issued a letter to regulators to flag that it now expects the supplement to the 2006 ISDA Definitions and the Interbank Offered Rate (IBOR) Fallbacks Protocol to be effective around mid- to late-January 2021.

    September 23, 2020 WebPage Regulatory News
    News

    APRA Reviews Repayment Deferral Plans, Identifies Best Practices

    APRA has concluded its review of the comprehensive plans of authorized deposit-taking institutions for the assessment and management of loans with repayment deferrals.

    September 22, 2020 WebPage Regulatory News
    News

    ESAs Assess Risks to Financial Sector After COVID-19 Outbreak

    ESAs (EBA, EIOPA, and ESMA) published the first joint report that assesses risks in the financial sector since the outbreak of the COVID-19 pandemic.

    September 22, 2020 WebPage Regulatory News
    News

    BoE Confirms Withdrawal of COVID Corporate Financing Facility

    BoE and HM Treasury confirmed that the COVID Corporate Financing Facility (CCFF) will close for new purchases of commercial paper, with effect from March 23, 2021.

    September 22, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5836