MFSA published a circular to branches of foreign credit institutions (foreign branches) in Malta on the supervisory reporting requirements. These guidelines on supervisory reporting requirements for foreign branches provide information on the applicability of all reporting templates within the different modules. Foreign branches are required to submit to MFSA certain reporting modules—FINREP, FINREP_AE, and COREP_OF (C_15.00 only)—on a quarterly basis for reference dates March, June, September, and December.
Foreign branches are requested to take the guidelines into consideration when populating and submitting supervisory reporting modules. This means that any (re)submissions to the MFSA should omit templates that are not applicable and/or not required to be reported. This also means that only applicable templates should be validated and converted to XBRL prior to submission to MFSA. The circular states that the MFSA webpage on supervisory reporting now includes a dedicated area for foreign branches, whereby reporting agents can download the templates and instructions relating to the data modules required to be submitted to MFSA. The webpage also provides information on the submission of modules, including a Remittance Timetable and a guidelines document—Licence Holder (LH) Portal for Branches.
Reporting agents are being reminded that in cases in which the ZIP filename and the XBRL filename do not match the naming convention, as outlined in the document LH Portal for Branches, the upload will be unsuccessful. Attention is also being drawn with respect to the folder structure of submissions made to MFSA. It is essential that there are no intermediary folders in any (re)submissions. This means that the module folder should directly include the Excel templates and the XBRL file, as indicated in section 4 of the document LH Portal for Branches. In cases of re-submissions, foreign branches are also being reminded to resubmit the applicable Excel templates for the whole module, not only the templates for which revisions were expected. This also means that the resubmitted XBRL file should include data related to all the applicable templates of the specific module.
Keywords: Europe, Malta, Banking, Guidelines, COREP, FINREP, Reporting, Asset Encumbrance, XBRL, MFSA
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