PRA Amends Rulebook and Capital+ and RFB Reporting Templates
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.
Related Links
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
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Related Articles
US Agencies Issue Several Regulatory and Reporting Updates
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
ECB Issues Multiple Reports and Regulatory Updates for Banks
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
CBIRC Revises Measures on Corporate Governance Supervision
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
EBA Updates Address Basel and NPL Requirements for Banks
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.
ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite
The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.
FCA Sets up ESG Committee, Imposes Penalties, and Issues Other Updates
The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.
FSB Reports Assess NBFI Sector and Progress on LIBOR Transition
The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.