APRA Updates List of D2A Validation and Derivation Rules for Reporting
APRA published a list of the latest Direct to APRA (D2A) validation rules for authorized deposit-taking institutions and insurers. The insurers include superannuation, general insurance, life insurance, private health insurance, and registered financial entities, along with the unauthorized foreign insurers. APRA also updated the list of derivation rules used to generate values in calculated cells in D2A forms. Derivation rules are formulas that automatically calculate (derive) values for attributes, in most cases using the values for other attributes as inputs.
All APRA-reporting entities, including APRA-regulated and registered financial entities, submit data to APRA via D2A. APRA uses validation rules within D2A to validate the data submitted by reporting entities. Entities are expected to correct any reporting errors identified by these rules. D2A is a secure and user-friendly electronic data submission system. It enables APRA-regulated financial entities to lodge statutory returns. Data can be manually entered or imported directly from the information system of reporting institutions. D2A submits returns by passing encrypted information to APRA.
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Keywords: Asia Pacific, Australia, Banking, Insurance, D2A, Validation Rules, Derivation Rules, Reporting, APRA
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