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    PRA Amends Rulebook and Capital+ and RFB Reporting Templates

    December 19, 2019

    PRA published a policy statement (PS27/19) that provides final rules amending the Regulatory Reporting Part of the PRA Rulebook, Capital+ reporting templates (PRA101 and PRA102), and ring-fenced body (RFB) reporting templates (RFB003, RFB004, and RFB008). The proposals on these amendments were covered in Chapter 4 of an occasional consultation paper (CP25/19). CP25/19 proposed minor amendments to the PRA Rulebook Parts, supervisory statements, statements of policy (SoPs), and the relevant templates. The consultation period for Chapter 4 of CP25/19 closed on November 18, 2019. The policy presented in PS27/19 will take effect on March 01, 2020 for Capital+ reporting templates and on June 01, 2020 for ring-fenced body reporting templates.

    PRA will also be updating links to the templates in appendices to the supervisory statement (SS34/15) on guidelines for completing regulatory reports. PS27/19 is relevant to UK banks, building societies, and PRA-designated investment firms. PRA has highlighted that version 3.3.0 of the BoE Banking XBRL taxonomy, which was published on November 28, 2019, contains minor presentational differences to the templates published in PS27/19. These differences will be corrected in a future taxonomy update.

    The policy set out in PS27/19 has been designed in the context of the current UK and EU regulatory framework. PRA will keep the policy under review to assess whether any changes would be required due to changes in the UK regulatory framework, including those arising once any new arrangements with EU take effect. In the event that UK leaves EU with no implementation period in place, PRA has assessed that the policy would not need to be amended under the EU (Withdrawal) Act 2018.

     

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    Effective Date: March 01, 2020 (PRA101 and PRA102); June 01, 2020 (RFB003, RFB004, and RFB008)

    Keywords: Europe, UK, Banking, Securities, Reporting, PRA Rulebook, Capital+, Ring-Fencing, RFB, CP25/19, COREP, FINREP, PS27/19, CRR, PRA

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