ACPR Issues Clarifications on FINREP in Response to COVID-19 Measures
ACPR issued clarifications for entities subject to “FINREP COVID19” reporting with respect to the decree of September 2020. As ECB has not developed a specific “SFRDP COVID” taxonomy, the concerned institutions will have to use the existing entry points of the “FINREP COVID19” reporting of the EBA-published taxonomy version 2.10. The clarifications have been made following the publication of the 2020-I-10 instruction and the communication of August 31, 2020 on reporting of COVID-19 measures.
In July 2020, ACPR had published Instruction 2020-I-10 on reporting of prudential financial information related to exposures subject to measures applied in response to the COVID-19 crisis. Instruction 2020-I-10 came into effect the day after its publication and addresses reporting requirements for both significant and less significant institutions in France. In August 2020, ACPR issued a notification on the reporting of exposures subject to measures applied in response to the COVID-19 crisis. As per the decree of September 2020, institutions subject to monthly and quarterly information collections must submit the quantitative information defined in Article 2 of the Instruction 2020-I-10 by remote transmission on the OneGate portal, using the XBRL format. Article 2 of the Instruction 2020-I-10 states that certain groups and entities must provide the General Secretariat of ACPR with all the prudential information set out in the appendix of EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis (EBA/GL/2020/07).
Related Links (in French)
Keywords: Europe, France, Banking, COVID-19, Reporting, FINREP, Framework 2.10, Taxonomy, XBRL, OneGate Portal, EBA, ECB, ACPR
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