APRA Updates List of Validation Rules for Reporting
APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities. All reporting entities, including APRA-regulated and registered financial entities, submit data to APRA via the D2A.
APRA uses validation rules within D2A to validate the data submitted by reporting entities. There are two types of D2A validation rules—mandatory and confirmation rules. Mandatory rules identify data, within D2A, that contain mathematical errors and discrepancies or factual inconsistencies. To submit data via D2A, entities must correct all data that fail mandatory rules. Confirmation rules identify data, within D2A, that indicate reporting errors or require explanation. Entities are expected to correct any reporting errors identified by these rules. The rules are updated two weeks prior to the end of each quarter, in particular March 31, June 30, September 30, and December 31.
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Keywords: Asia Pacific, Australia, Banking, Insurance, Pensions, Superannuation, Validation Rules, D2A, Reporting, APRA
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