ACPR published the draft of Professional Supplementary Retirement Organizations (Organismes de Retraite Professionnelle Supplémentaire, or ORPS) Taxonomy version 1.0.0; this is necessary for transmission of XBRL information related to the reporting of European prudential statements. The ORPS taxonomy defines the reporting of European prudential statements applicable to supplementary occupational pension schemes. The returns are expected by May 31, 2019.
The draft of ORPS taxonomy version 1.0.0 replaces the European Taxonomy Pension Funds version 2.3.0, for which it refers to the two entry points "aei" (annual reporting with ECB add-on) and "qei" (quarterly reporting with ECB add-on). The two entry points of the draft of ORPS taxonomy version 1.0.0 are applicable from September 30, 2019 for "qei_orps" and December 31, 2019 for "aei_orps."
Related Links (in French)
Keywords: Europe, France, Insurance, Occupational Pension, Reporting, ORPS Taxonomy 1.0.0, Pension Funds, XBRL, ACPR
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
Previous ArticleBoštjan Jazbec of SRB on Upcoming Resolution Reporting Requirements
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards
The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.
The Basel Committee on Banking Supervision (BCBS) launched consultation on a Pillar 3 disclosure framework for climate-related financial risks, with the comment period ending on February 29, 2024.
The U.S. President Joe Biden signed an Executive Order, dated October 30, 2023, to ensure safe, secure, and trustworthy development and use of artificial intelligence (AI).
The Monetary Authority of Singapore (MAS) launched an integrated digital platform, Gprnt, also known as “Greenprint.”