APRA Updates Lists of Validation and Derivation Rules in June 2020
APRA updated the lists of the Direct to APRA (D2A) validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities. All reporting entities, including regulated and registered financial entities, submit data to APRA via the D2A.
APRA uses validation rules within D2A to validate the data submitted by reporting entities. There are two types of D2A validation rules—mandatory and confirmation rules. Mandatory rules identify data, within D2A, that contain mathematical errors and discrepancies or factual inconsistencies. To submit data via D2A, entities must correct all data that fail mandatory rules. Confirmation rules identify data, within D2A, that indicate reporting errors or require explanation. Entities are expected to correct any reporting errors identified by these rules. The derivation rules, however, are formulae that automatically calculate (derive) values for attributes, in most cases using the values for other attributes as inputs. The rules are updated two weeks before the end of each quarter, in particular March 31, June 30, September 30, and December 31.
Related Links
- Updated Validation Rules (XLSX)
- Updated Derivation Rules (XLSX)
- Overview of Validation and Derivation Rules
Keywords: Asia Pacific, Australia, Banking, Insurance, Pensions, Superannuation, Validation Rules, Derivation Rules, D2A, Reporting, Basel, APRA
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
APRA Updates Timelines for Revision of Market Risk Standards
The Australian Prudential Regulation Authority (APRA) released an update on the timelines for revisions to the market risk prudential standards and the implications for the broader capital framework.
BCBS and IOSCO Propose Further Policy Work on Margining Practices
Three global standard-setters launched a joint consultation that reviews the margining practices during the COVID-19 pandemic and identifies potential areas for further policy work.
BoE Seeks Information Before Migrating Statistical Reporting to BEEDS
The Bank of England (BoE) published the Statistical Notice 2021/09 requiring additional information from firms and software vendors to assist in the onboarding and testing phases for migrating statistical reporting to the BEEDS portal.
EBA Finalizes Standards on Alternative SA for Market Risk
The European Banking Authority (EBA) published the final draft regulatory technical standards on gross jump-to-default amounts and on residual risk add-on under the Capital Requirements Regulation or CRR.
FCA Publishes Final Rules on Investment Firms Prudential Regime
The Financial Conduct Authority (FCA) published the final rules on the Investment Firms Prudential Regime (IFPR) to streamline and simplify the prudential requirements for solo-regulated UK firms authorized under the Markets in Financial Instruments Directive (MiFID).
ESAs Propose New Rules for Taxonomy-Related Product Disclosures
The European Supervisory Authorities (ESAs) have delivered to the European Commission (EC) the final report on the draft regulatory technical standards for disclosures under the Sustainable Finance Disclosure Regulation (SFDR).
EBA Advice on Review of Crisis Management/Deposit Insurance Framework
The European Banking Authority (EBA) published an advice to the European Commission (EC) on funding in resolution and insolvency as part of the review of the crisis management and deposit insurance (CMDI) framework.
FSOC Report Issues Recommendations to Address Climate Risks
The Financial Stability Oversight Council (FSOC) released a report in response to the U.S. President's Executive Order on climate-related financial risk.
BIS Paper Mulls Policies to Alleviate Challenges Posed by Big Techs
The Bank for International Settlements (BIS) published a paper that examines the business models and the associated risks posed by big technology firms foraying into financial services sector.
BIS to Launch Asian Green Bond Fund Early Next Year
The Bank for International Settlements (BIS) announced the development of an Asian Green Bond Fund, in collaboration with the development financing community, to channel global central bank reserves to green projects in Asia Pacific.
