The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2. The regulatory authority also issued a clarification on the transmission of information on the publication of covered bonds.
Below are the key highlights of the recent updates:
- The French regulator has announced that the implementation dates of the EBA framework version 3.2 AE, GSII, and COREP_OF modules could be pushed back to March 2023, COREP_ALM to January 2023 (or even later for each of them). For all modules not in scope of version 3.2, the methods for indicating consolidation remain the same as in 2022, the entry points continue to carry the level of consolidation, and the identifier of the instance does not change. These arrangements will be detailed at the next "Place Banque" meeting on September 19, 2022.
- ACPR also issued a clarification with respect to the methods of transmission of information related to a report on covered bonds. On August 03, 2022, ACPR specified that declarations with respect to the publication of covered bonds must be signed electronically. However, due to technical reasons, ACPR is now informing that this obligation will not come into force until the deadline of March 2023. Thus, remittances related to the September and December 2022 deadlines do not need to be electronically signed. Consequently, the "Guaranteed Banking Bonds" report of the OBG domain of the ONEGATE portal will not contain a space dedicated to the signature file for these 2 maturities.
Related Links (in French)
Keywords: Europe, France, Banking, Covered Bonds, Reporting, Basel, IFR, CRR, Reporting Framework 3 2, ACPR
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