FI Publishes Reporting Updates for Banks and Investment Firms
The Swedish Financial Supervisory Authority FI Issued updates on reporting of fraudulent practices under the Payment Services Directive 2 (PSD2), in addition to the list of deactivated EBA validation rules and the reporting calendars for 2021 for credit institutions and investment firms. The reporting calendars include reporting in accordance with Swedish as well as European regulations.
With respect to reporting under PSD2, FI explained that payment service providers will use a new reporting format to report statistical data on fraudulent procedures/practices (F 869) as of reference date December 31, 2020. FI clarified the reporting method for entities that report according to the EBA taxonomy and for entities that do not report according to the EBA taxonomy. FI had announced, in September 2020, that payment service providers that report under the EBA taxonomy must submit this data in the new format. Reporting of statistical data on fraudulent practices related to various payment methods is based on a guideline from EBA (EBA/ GL/2020/01). The reporting will take place from December 31, 2020 in accordance with the EBA XBRL taxonomy version 2.10,. Payment service providers must report this information twice a year (February 21 and August 21).
Related Links (in Swedish)
- News on Validation Rules
- Validation Rules and Calendar for Banks
- Validation Rules and Calendar for Investment Firms
- News on Reporting of Fraudulent Practices
- Announcement from September 2020
Keywords: Europe, Sweden, Banking, Securities, Reporting, Validation Rules, Investment Firms, Statistical Reporting, PSD2, CRD, IFD, FI
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