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.
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