The PRA provided an update on User Acceptance Testing (UAT) for the Bank of England’s Electronic Data Submission (BEEDS) portal for Capital+ reporting. For firms with a reporting deadline in January and February 2018, the PRA intends to provide a UAT environment in November or early December 2017. The PRA will confirm exact dates for UAT in September. The indicative timeline for BEEDS onboarding has been updated to reflect this.
For the remaining firms (with a reporting deadline of March 2018 and beyond), the PRA will aim to provide an opportunity for UAT once a quarter in 2018. If firms have any queries, for example, regarding their submission deadline, they should contact their usual supervisory contact. The document on indicative timeline provides details of the onboarding activities for the BEEDS portal leading up to the submission deadline for firms.
Keywords: Europe, United Kingdom, Banking, Capital+, BEEDS, Reporting, PRA
Previous ArticleACPR Issues Draft of Taxonomy RAN 1.1.0 for Solvency II Reporting
Next ArticleIAIS Newsletter for November 2017
EBA published a report on the implementation of selected COVID-19 policies within the prudential framework for banking sector.
BCBS published the eighteenth progress report on implementation of the Basel III regulatory framework in member jurisdictions.
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.