The French Prudential Supervisory Authority (ACPR) published reporting updates for the banking sector, including those related to the reporting framework 3.2.
ACPR announced that version 3.2 of the taxonomy, that is, the Data Point Model (DPM v.3.2) has been made available in the approval environment of the ACPR information system and the Onegate portal for certain orders and modules including COREP, PF, SBP and FINREP modules. The regulator also reminded that the European rebates should be submitted with the Legal Entity Identifier (LEI) identifier for modules passing version 3.2, from decree 12/2022 and should be deposited on the Onegate portal. Also, ACPR, following the implementation of version 3.2 of the taxonomy (DPM v.3.2), modified the Functional Business Cards of its information system to integrate the developments from the Decree 12/2022. As part of the evolution of the indication of consolidation of the entry points of version 3.2 of the taxonomy (DPM v.3.2), a new column "consolidation level" has been added to identify the type of consolidation expected. ACPR noted that, from January 01, 2023, all submissions and resubmissions (including for earlier taxonomy versions) of European reports must comply with changes related to the Filing Rule 1.6 from the European Banking Authority or EBA. Thus, tables that do not appear as expected in the Functional Business Card must be submitted with a discount indicator set to “false.” ACPR also informed that the adjustments will be made to the next version of the Functional Business Card by December.
Related Links (in French)
Keywords: Europe, France, Banking, Reporting, Taxonomy, DPM, Onegate, COREP, FINREP, LEI, ACPR, Reporting Framework 3 2, EBA
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
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