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    NBB Issues Notification on Validation Rules for XBRL Reports

    October 16, 2019

    NBB is notifying that all failed validation rules and plausibility checks (for all XBRL reports ending on *_ind/*_con) will be considered as “errors” in OneGate, from the September 30, 2019 reference date onward. Consequently, there will be no distinction between "warnings" and "errors" anymore. This is an important step as ECB considers a report as "fully valid" only in case no warnings or errors are present.

    It is no longer possible to close a report in OneGate when not all EBA validation rules and ECB expert group data quality checks are respected. In case such an error would not be justified, the following procedure remains valid:

    • For failed EBA validation rules (both “errors” and “warnings”), an EBA Q&A has to be submitted and presented to the respective prudential supervisor.
    • For failed ECB expert group data quality checks, the prudential supervisor has to be provided with a justification, which will be assessed together with ECB.

     

    Related Link: News Release

     

    Keywords: Europe, Belgium, Banking, Insurance, XBRL, OneGate, Reporting, Validation Rules, Plausibility Checks, NBB

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