ACPR published the draft version of taxonomy RAN 1.3.0 for Solvency II reporting. The returns are expected before August 15, 2019. The first closing date is December 31, 2019 for the 2020 reporting. Additionally, ACPR has notified that it has strengthened controls for the verification of electronic signature. As of September 01, 2019, any anomaly detected during checks of the electronic signature will lead to the rejection of the delivery. As a first step, this change will only apply to prudential XBRL reporting in the COREP, FINREP, and Anti-Money Laundering and Terrorist Financing (LCB-FT) domains.
Organizations subject to the Solvency II regime must submit data in extensible business reporting language (XBRL) format. The RAN taxonomy has a structure similar to that of EIOPA taxonomies. In addition to the requirements at the EU level, ACPR has issued certain national requirements for Solvency II reporting.
Related Links (in French)
Keywords: Europe, France, Banking, Insurance, COREP, FINREP, Solvency II, Reporting, Taxonomy RAN 1.3.0, XBRL, ACPR
Previous ArticleEBA Report Examines Functioning of Supervisory Colleges in EU
FDIC is seeking comments on a rule to amend the interagency guidelines for real estate lending policies—also known as the Real Estate Lending Standards.
ISDA is consulting on the implementation of fallbacks for the sterling LIBOR ICE Swap Rate and for the USD LIBOR ICE Swap Rate.
BIS and BoE launched the BIS Innovation Hub Center in London, which is the fourth new Innovation Hub Centre to be opened in the past two years.
ESRB published recommendations on the reciprocation of macro-prudential measures in Belgium, France, Luxembourg, Norway, and Sweden.
SEC announced that the Office of Information and Regulatory Affairs released the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions.
EC published the Delegated Regulation 2021/931, which supplements the Capital Requirements Regulation (CRR or Regulation 575/2013) with regard to the regulatory technical standards specifying the method for identifying derivative transactions with one or more than one material risk driver.
BCBS is consulting on preliminary proposals for the prudential treatment of cryptoasset exposures of banks.
EBA issued a revised list of validation rules under the implementing technical standards on supervisory reporting.
BIS Innovation Hub, BDF, and SNB announced that, together with a private-sector consortium led by Accenture, they will conduct an experiment using wholesale central bank digital currency (wCBDC) for cross-border settlement.
ESAs published two amended implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs).