ACPR published the draft version of taxonomy RAN 1.3.0 for Solvency II reporting. The returns are expected before August 15, 2019. The first closing date is December 31, 2019 for the 2020 reporting. Additionally, ACPR has notified that it has strengthened controls for the verification of electronic signature. As of September 01, 2019, any anomaly detected during checks of the electronic signature will lead to the rejection of the delivery. As a first step, this change will only apply to prudential XBRL reporting in the COREP, FINREP, and Anti-Money Laundering and Terrorist Financing (LCB-FT) domains.
Organizations subject to the Solvency II regime must submit data in extensible business reporting language (XBRL) format. The RAN taxonomy has a structure similar to that of EIOPA taxonomies. In addition to the requirements at the EU level, ACPR has issued certain national requirements for Solvency II reporting.
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Keywords: Europe, France, Banking, Insurance, COREP, FINREP, Solvency II, Reporting, Taxonomy RAN 1.3.0, XBRL, ACPR
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