MFSA Updates Reporting Guidance and Banking Rule on Funding Plans
MFSA issued a revised version of Banking Rule BR/16 on funding plans for credit institutions authorized under the Banking Act. The rule is being revised to implement the EBA guidelines on harmonized definitions and templates for funding plans of credit institutions (EBA/GL/2019/05). The revised rule includes changes to templates and instructions, as presented in Annexes 1 and 2 to the rule. MFSA also updated the supervisory reporting remittance timetable and guidelines for credit institutions to upload and review supervisory reporting data through the LH Portal. In addition, MFSA updated the guidelines to the Capital Requirements Directive (CRD IV) supervisor reporting requirements for credit institutions, along with guidelines on supervisory reporting requirements for foreign branches.
The revised Banking Rule on funding plans includes amendments to the set of criteria determining the credit institutions falling within the scope of the rule. In-scope institutions will be informed by MFSA for each year of the review. The revised version of the rule shall apply from December 31, 2020. With reference to paragraphs 17 and 18 of the Banking Rule, credit institutions are required to report their funding plans by March 15 with a reference date of December 31 of the previous year, with the exception of credit institutions that report their financial information based on the accounting year-end, which deviates from the calendar year-end. In the latter case, credit institutions are required to use the latest available accounting year-end as the reference date.
Credit institutions are required to report prudential information to MFSA under the Common Reporting (COREP) and the Financial Reporting (FINREP) frameworks established as part of the Capital Requirements Regulation (CRR or Regulation 575/2013) and the implementing technical standards on supervisory reporting. The reporting is in accordance with the MFSA-issued circulars on COREP and FINREP and is subject to the terms and conditions imposed by MFSA. Credit institutions are required to submit COREP and FINREP data on both solo and consolidated basis, as applicable.
Related Links
- Circular (PDF)
- Banking Rule BR/16 (PDF)
- Reporting Templates and Instructions (ZIP)
- Remittance Timetable (XLSX)
- LH Portal Guidelines (PDF)
- Guidelines for Credit Institutions (XLSX)
- Guidelines for Foreign Branches (XLSX)
- Updates on Supervisory Reporting
Keywords: Europe, Malta, Banking, Funding Plans, Reporting, Reporting, CRD IV, CRR, COREP, FINREP, LH Portal, MFSA
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Related Articles
EBA Issues Erratum for Phase 2 Package of Reporting Framework 3.0
EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0.
MAS Amends Notice on Related Party Transactions of Banks
MAS amended Notice 643A that addresses requirements for banks to prepare statements of exposures and credit facilities to related concerns or parties.
ECB Amends Guideline on Euro Short-Term Rate
ECB has published, in the Official Journal of the European Union, the Guideline 2021/565 on the euro short-term rate (€STR) and this guideline amends the previous ECB Guideline 2019/1265.
EBA Consults on Standards Related to FRTB-SA
EBA launched a consultation on the draft regulatory technical standards on the list of countries with an advanced economy for calculating the equity risk under the alternative standardized approach (FRTB-SA).
PRA Proposes Rules Related to IRB Approach for Credit Risk
PRA is proposing, via CP7/21, the approach to implementing new requirements related to the specification of the nature, severity, and duration of an economic downturn in the internal ratings-based (IRB) approach to credit risk.
BoE Outlines Regulatory Treatment of Recovery Loan Scheme of UK
The UK government launched the Recovery Loan Scheme (RLS) as part of its continued COVID-19 support for UK businesses, as announced by HM Treasury on March 03, 2021.
FSB Addresses G20 on COVID Measures, TBTF Reforms, and Climate Risks
FSB published a letter, from its Chair Randal K. Quarles, to the G20 Finance Ministers and Central Bank Governors, ahead of their virtual meeting on April 07, 2021.
OSFI Unwinds Temporary Increase to Covered Bond Limit for Banks
OSFI issued a letter to the deposit-taking institutions issuing covered bonds and announced the unwinding of the temporary increase to the covered bond limit for deposit-taking institutions, effective immediately.
EU Amends CRR and Securitization Regulation in Response to Pandemic
To support recovery from the COVID-19 crisis, EU has published two regulations to amend the securitization framework, as set out in the Securitization Regulation (2017/2402) and the Capital Requirements Regulation or CRR (575/2013).
HM Treasury Announces G7 Agreement on Green Agenda Ahead of COP26
HM Treasury announced that G7 Finance Ministers and Central Bank Governors met ahead of COP 26, the 2021 UN Climate Change Conference, and agreed on green agenda.