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.
- 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
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