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    PRA Updated Implementation Timeline for Capital+ Reporting

    June 27, 2017

    The PRA published an update on Capital+ reporting requirements, which includes an indicative timetable of implementation activities for firms subject to Capital+ reporting requirements. The update provides details of the onboarding activities for the Bank of England’s Electronic Data Submission (BEEDS) portal leading up to firms’ submission deadline.

    This follows the update published on May 30, which advised firms that the BEEDS portal will be used to submit the relevant Capital+ returns. The timeline will be kept under review and any further changes will be published. The PRA also e-mailed firms that have their first reporting deadline in December 2017 and requested them to nominate a principal user for the submission of returns on the BEEDS portal. The deadline for responses is Monday, July 11. As these firms will be the first to submit via BEEDS, they have also been invited to participate in a User Acceptance Testing (UAT) environment. UAT for firms with their first reporting deadline in January-2018-and-beyond is being scoped and the PRA will provide an update on this by the end of July.

     

    Related Link: Implementation Timeline (PDF)

    Keywords: Europe, United Kingdom, PRA, BEEDS, Capital+, Reporting, Banking

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