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    BoE Seeks Information Before Migrating Statistical Reporting to BEEDS

    October 25, 2021

    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. BoE is requesting firms to submit the completed survey by October 29, 2021. Firms should complete separate surveys for their unconsolidated and consolidated reporting requirements, including your electronic reporting codes (OSCA codes) for each. Firms who only report Forms MM and MQ should also complete the survey. All firms can access the survey without the need for a password.

    BoE would also like to gauge interest in the first statistical reporting UAT window and which onboarding phase the entity is planning to use to join BEEDS. This information is required to ensure all statistical reporting firms are set up on BEEDS for two fundamental stages. The first stage includes the statistical reporting UAT window scheduled for November 15-26, 2021 while the second stage includes the statistical reporting on-boarding phases. The first onboarding phase is scheduled for March 2022 (ready to report end-March data in April 2022) while the second onboarding phase is scheduled for June 2022 (ready to report end-June data in July 2022). There is a separate SMMA Reporting Only section, which should also be completed by all unconsolidated firms. BoE is aware that the SMMA contacts may differ from the usual statistical contacts, so it urges firms to provide the correct SMMA reporting contacts (one Principle User and up to 9 Additional users) ahead of the end-December 2021 reporting round. If an entity reports for multiple firms and has multiple Electronic Reporting (OSCA) codes, it must complete separate surveys for each firm/reporting code. Software vendors that wish to participate in the November UAT window are requested to e-mail OSCA Queries to inform the regulator by 5 pm on October 29, 2021. 

    As per the Statistical Notice 2021/12, the  Statistics Taxonomy package and all accompanying documents have been republished as BoE has made a minor correction. Only the taxonomy package and change log files have been amended since v1.2.0. Version 1.2.1 of the Bank of England Statistics Taxonomy is a minor update to ensure row, column, and sheet codes are correctly identified within the label link-base files. The changes are limited to only -lab-codes.xml files and as such this update does not affect instance files generated against the taxonomy package. 

     

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    Keywords: Europe, EU, Banking, Reporting, BEEDS, Statistical Notice, Onboarding Phase, Testing Phase, Statistical Reporting, Migration to BEEDS, BoE

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