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June 12, 2017

The PRA published a consultation paper CP6/17 that sets out proposals for minor amendments to the templates and reporting instructions for PRA101 to PRA103 (Capital+), PRA108, and the removal of the definition of "whole-firm liquidity modification" from the PRA Rulebook. Appendix 1 of the Supervisory Statement SS34/15 titled "Guidelines for completing regulatory reports" will be updated to link to the amended templates when final policy is published.

The proposals in relation to the Capital+ and PRA108 templates are relevant to PRA-authorized UK banks, building societies, and PRA-designated investment firms. The removal of the definition of "whole-firm liquidity modification" is relevant to non-European economic area banks that are authorized to accept deposits through a branch in the United Kingdom. The PRA proposed the following amendments in relation to Capital+:

Change the note on the header page to indicate that values in the template should be reported in units, not thousands

Remove the requirement for firms to supply a Group Reference Number and add the requirement for firms to supply their Legal Entity identifier (LEI)

Remove the example date from the header page and at the top of the columns on the "Input" section

Update the reporting instructions in SS34/15 for the above changes

 

The PRA proposed to change the PRA108 reporting instructions to indicate that reporting should be in units, to be consistent with the Capital+ data items. The PRA has identified an error in rule-making instrument PRA 2017/4, published in PS4/17 "Responses to CP36/16 and correction to PS2/16 PIN rules." The PRA proposed to correct this by deleting the definition for "whole-firm liquidity modification" from the Regulatory Reporting Part Glossary. The PRA also proposed to remove a further reference to "whole-firm liquidity modification" in 14.4 of the Regulatory Reporting Part. The PRA invites feedback on the proposals set out in this consultation. The proposed implementation date for the changes to the templates and reporting instructions is October 01, 2017, to align with the introduction of reporting of the Capital+ templates. The removal of the definition of "whole‐firm liquidity modification" would also take effect on the same date.

 

Related Link: CP6/17 Regulatory Reporting (PDF)

Comments Due Date: July 07, 2017

Keywords: PRA, Europe, UK, Banking, PRA108, Capital+, Reporting

 


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