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.
Related Links (in French)
Keywords: Europe, France, Banking, Insurance, COREP, FINREP, Solvency II, Reporting, Taxonomy RAN 1.3.0, XBRL, ACPR
Previous ArticleEBA Report Examines Functioning of Supervisory Colleges in EU
The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.
The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.
The European Banking Authority (EBA) published a methodological guide to mystery shopping.
The Australian Prudential Regulation Authority (APRA) released a letter to authorized deposit-taking institutions to provide an update on key policy settings for the capital framework reforms, which will come into effect from January 01, 2023.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.
The Bank of England (BoE) published questions and answers (Q&A) on OSCA to BEEDS migration for statistical reporting as well a presentation from the project overview session held with statistical reporters.
The Basel Committee on Banking Supervision (BCBS) is consulting on a technical amendment to the Basel Framework to reflect a new process reviewing the global systemically important bank (G-SIB) assessment methodology.