Regulatory reporting - banking sector

Firms in the banking sector (banks, building societies, investment firms and credit unions) need to provide regulatory returns to the Prudential Regulation Authority (PRA). This section explains the returns and how firms should report them.

Latest updates

7 June 2019: We published CP13/19 ‘Occasional Consultation Paper’ which proposes the discontinuation of the FSA006 return.

31 May 2019: On 1 June 2019 there will be one month to go until the implementation of PRA110 on 1 July 2019 and the dual reporting period with FSA047 and FSA048. Firms are advised to continue to familiarise themselves with the policy, template and instructions. For the full update see the ‘Reporting of PRA110’ section.

As part of our work on the Pillar 2 liquidity framework, including the introduction of PRA110 reporting by firms from 1 July 2019, we published Version 1 of the PRA110 liquidity metric monitor tool (PRA110 LMM tool). It is published to assist firms in the same way as the LMM for FSA047 and FSA048. It is for information only and must not be used to submit regulatory returns required by our rules. The PRA110 LMM tool may be updated after the publication of the final policy following Consultation Paper 6/19 ‘Pillar 2 liquidity: Updates to the framework’ if required, to align with an updated PRA110 reporting template.

Contact

If you have any queries on regulatory reporting contact the Firm Enquiries Team:

Phone: 020 3461 7000
Email: PRA.FirmEnquiries@bankofengland.co.uk

Technical queries about the GABRIEL system are handled by the Financial Conduct Authority (FCA). Firms experiencing systems issues should contact the FCA Contact Centre in the first instance on 0300 500 0597.

Supervisory disclosures

The PRA is required, as a competent authority, to publish information on rules and guidance, options and discretions, supervisory review and evaluation process (SREP), and aggregate statistical data, alongside submitting the information to the European Banking Authority (EBA) in line with Article 143 of Directive 2013/36/EU (CRD IV) and Commission Implementing Regulation 650/2014 (see the National Archives for information relating to 2014-2016). The purpose of publishing such information is to enable a comparison of the approaches adopted by the competent authorities of the different Member States; consolidated data can be found on the EBA's website.

Banking disclosures required by the PRA as a competent authority, published on 31 July 2018.

Working with the Financial Conduct Authority

We work with the Financial Conduct Authority (FCA) to make sure the regulatory reporting processes for dual-regulated firms are efficient. We want to ensure that firms are only asked to submit data sets once and, to help achieve this, we will share data where it is appropriate to do so. We will also share data on firms that are not dual-regulated where necessary, to ensure that we each have a complete view of the market.

A memorandum of understanding between the FCA and the Prudential Regulation Authority (PRA) sets out how we will work together.

The Memorandum of Understanding obliges us to consult each other on changes to data/forms that are collected regularly, including the use of shared data definitions; and, the management of data systems to allow for efficient sharing. 

Much regulatory data for PRA firms continues to be collected by the FCA. This includes reporting via the FCA’s GABRIEL system, the submission of firms’ controllers and close links reports and the reporting of changes to firms’ standing data.

Statistical reporting obligations have not changed.

  • Regulatory reporting banking sector updates - 2019

    7 June 2019: We published CP13/19 ‘Occasional Consultation Paper’ which proposes the discontinuation of the FSA006 return.

    31 May 2019: On 1 June 2019 there will be one month to go until the implementation of PRA110 on 1 July 2019 and the dual reporting period with FSA047 and FSA048. Firms are advised to continue to familiarise themselves with the policy, template and instructions. For the full update see the ‘Reporting of PRA110’ section.

    As part of our work on the Pillar 2 liquidity framework, including the introduction of PRA110 reporting by firms from 1 July 2019, we published Version 1 of the PRA110 liquidity metric monitor tool (PRA110 LMM tool). It is published to assist firms in the same way as the LMM for FSA047 and FSA048. It is for information only and must not be used to submit regulatory returns required by our rules. The PRA110 LMM tool may be updated after the publication of the final policy following Consultation Paper 6/19 ‘Pillar 2 liquidity: Updates to the framework’ if required, to align with an updated PRA110 reporting template.

    1 May 2019: There are two months to go until the implementation of PRA110 on 1 July 2019 and the commencement of the dual reporting period with FSA047 and FSA048. Firms are advised to continue to familiarise themselves with the policy, template and instructions. For the full update see the ‘Reporting of PRA110’ section.

    30 April 2019: In Policy Statement 10/17, ‘Ensuring operational continuity in resolution: reporting requirements’ we committed to confirming the precise mechanism by which the PRA109 ‘Operational continuity’ data would be collected. We confirm that this data will be collected via Excel. For the Excel template, related instructions, and submission deadline please see ‘PRA data items and instructions’.

    8 April 2019: We published Consultation Paper 8/19 ‘Supervising international banks: Revision of the Branch Return’, which proposes amendments to the Branch Return Form. The existing Branch Return Form can be found under ‘Branch Return Form’.

    1 April 2019: There are three months to go until the implementation of PRA110 on 1 July 2019 and the commencement of the dual reporting period with FSA047 and FSA048. Firms are reminded to refer to the most recent Q&As on the template and instructions, and submit any questions that are not covered to their PRA supervisor, and copy in LiquidityPillar2ReportingProjectQueries@bankofengland.gsi.gov.uk. Firms are also advised to continue to familiarise themselves with the policy, and template and instructions, to prepare for implementation on 1 July 2019. See Reporting of PRA110 for more information.

    26 March 2019: We updated the structure of this section to aid usability, specifically, there are now separate pages for information on banks, building societies and investment firms and credit unions.

    19 March 2019: We published Consultation Paper (CP) 6/19 ‘Pillar 2 liquidity: Updates to the framework’. The CP is relevant to UK banks, building societies, PRA-designated investment firms and non-EU EEA banks, and includes proposals to update: the PRA110 template and reporting instructions; Statement of Policy ‘Pillar 2 liquidity’; Supervisory Statement 24/15 ‘The PRA’s approach to supervising liquidity and funding risks’; SS34/15 ‘Guidelines for completing regulatory reports’; and the Regulatory Reporting Part of the PRA Rulebook. This consultation closes on Friday 19 April 2019.

    We also published version 4 of the PRA110 Q&As. For more information see the Reporting of PRA110 section.

    1 March 2019: There are four months to go until the implementation of PRA110 on 1 July 2019 and the commencement of the dual reporting period with FSA047 and FSA048. Firms are reminded that from 1 July 2019 there will be:

    • a reduction in the reporting frequency of the FSA047 and FSA048 liquidity reports to align with that of the PRA110 liquidity report, in cases where it would otherwise differ; and
    • an extension of the submission deadline for those firms that would report the PRA110 on a weekly basis in business-as-usual conditions from one business day to two business days from Monday 1 July 2019 until Thursday 31 October 2019. 

    Firms are reminded to refer to the most recent Q&A’s on the template and instructions, and submit any questions that are not covered to their PRA supervisor, and copy in LiquidityPillar2ReportingProjectQueries@bankofengland.gsi.gov.uk. Firms are also advised to continue to familiarise themselves with the policy, and template and instructions, to prepare for implementation on 1 July 2019. 

    28 February 2019: We published near-final policy to deliver the general approach being taken to ensure there is a functioning legal framework when the UK leaves the EU. This includes Supervisory Statement 2/19 ‘PRA approach to interpreting reporting and disclosure requirements and regulatory transactions forms after the UK’s withdrawal from the EU’.

    13 February 2019: We published PS3/19 ‘PRA fees and levies: Changes to periodic and transaction fees’, including amendments to the PRA Fees part of the Rulebook and an update to SS3/16 ‘Fees: PRA approach and application’. These updates come into effect on Friday 1 March 2019.

    1 February 2019: There are five months to go until the implementation of PRA110 on 1 July 2019 and the commencement of the dual reporting period with FSA047 and FSA048. Firms taking part in interim reporting are reminded to refer to the most recent Q&A’s on the template and instructions, and submit any questions that are not covered to their PRA supervisor and copy in LiquidityPillar2ReportingProjectQueries@bankofengland.gsi.gov.uk. All other firms are reminded to continue to familiarise themselves with the policy, template and instructions, including the Q&As, to prepare for implementation on 1 July 2019.

    31 January: We published the final direction and notification template for ‘Securitisation Regulation: PRA and FCA joint statement on reporting of private securitisations’. This is applicable to all UK established originators, sponsors and securitisation special purpose entities (SSPEs). This comes into effect from Thursday 31 January 2019.

    15 January: Following comments from firms and other industry participants on ‘Securitisation Regulation: PRA and FCA joint statement on reporting of private securitisations’, the final direction applicable to all UK established originators, sponsors and securitisation special purpose entities (SSPEs) has been delayed and will be published by the end of January 2019, rather than on Tuesday 15 January 2019 as originally specified.

    8 January: We published PS1/19 ‘Liquidity reporting: FSA047, FSA048, and PRA110’ and an updated SS34/15 ‘Guidelines for completing regulatory reports’. See the Reporting of PRA110 section for more information.

    1 January: A number of data items and instructions came into force today including:

    • RFB data items and instructions; and
    • PRA109 Operational continuity data item and instruction.

    The following data items and instructions were updated to reflect policy effective from today:

    • FSA071, FSA076-79, and FSA081-83 data items;
    • FSA071-83 instructions;
    • REP001 and REP001a; and
    • Guidance on terms used in data items FSA071 to FSA082, and PRA111.

    These are available below in the ‘Data items, instructions and taxonomy’ section. 

    The Branch Return form came into force today and is available in the ‘Branch return Form’ section.

  • Regulatory reporting banking sector updates - 2018

    20 December: We published Policy Statement 33/18 ‘Responses to Chapter 2 of CP24/18 ‘Occasional Consultation Paper’’, which includes the final rules and Branch Return form to Chapter 2 of Consultation Paper 24/18 ‘Occasional Consultation Paper’. The revised rules and Branch Return form will take effect from Tuesday 1 January 2019.

    Further to Policy Statement 29/18 ‘Securitisation: The new EU framework and Significant Risk Transfer’, we published a joint statement with the Financial Conduct Authority (FCA), ‘Securitisation Regulation: PRA and FCA joint statement on reporting of private securitisations’. This direction is intended to apply to all UK established originators, sponsors and securitisation special purpose entities (SSPEs) from Tuesday 15 January 2019.

    14 December: We published version 3 of the PRA110 Q&As which has been updated to include additional Q&A in existing sections, as well as a new section on contingencies. For more information see the Interim reporting of PRA110 section.

    13 December: We published a joint Consultation Paper (CP) with the Financial Conduct Authority (FCA), CP30/18 ‘FCA and PRA changes to mortgage reporting requirements’. This CP is relevant to: mortgage lenders; home finance administrators; and entities which own mortgage books but which are not authorised to lend. Please send your comments by Friday 22 March 2019 to cp18-41@fca.org.uk.

    5 December: We published Policy Statement 30/18 ‘Regulatory reporting: Responses to CP16/18’, updates to SS34/15 ‘Guidelines for completing regulatory reports’ and SS32/15 ‘Pillar 2 reporting, including instructions for completing data items FSA071 to FSA082, and PRA 111’ which include links to updated PRA, RFB and FSA templates and instructions available in the relevant sections.

    14 November: We published Policy Statement 28/18 ‘UK leverage ratio: Applying the framework to systemic ring-fenced bodies and reflecting the systemic risk buffer’ which includes updated policy, and materials. For regulatory reporting this includes updated versions of the FSA083 data item and instructions that will take effect from 1 January 2019. See FSA data items and instructions.

    9 November: We published version 2 of the PRA110 Q&As which has been updated to include responses on questions related to: technical implementation; the LCR weights; and memorandum items. This supersedes the version previously published on 28 September 2018. The Q&As are in response to a number of additional questions from firms regarding the template and reporting instructions. For more information see the Interim reporting of PRA110 section.

    31 October: We published the ‘Ring-fencing: Summary of regulatory reporting requirements’ pack which summarises the new regulatory reporting, and reporting system requirements in relation to ring-fencing. The pack is aimed at UK banking groups in scope of structural reform requirements that will be required to submit ring-fencing regulatory returns from 1 January 2019. See the 31 October update on the Structural reform webpage.

    12 October: We published Consultation Paper (CP) 22/18 ‘Liquidity reporting: FSA047 and FSA048’. This CP is relevant to banks, building societies, and PRA-designated investment firms. This consultation closes on Monday 12 November 2018. The PRA invites feedback on the proposals set out in this consultation. Please address any comments or enquiries to CP22_18@bankofengland.co.uk.

    12 October: The PRA confirms that it is using its new individual risk methodologies as set out in Statement of Policy ‘Pillar 2 liquidity’ in liquidity reviews. They are being applied at the current glide path factor.

    We have previously stated our intention to set out proposals on the overall calibration of the liquidity framework in 2018. However, we have taken the decision to postpone finalisation of our proposals in order to conduct further analysis on the appropriate level of liquidity guidance. This includes the potential for some recognition in the Pillar 2 liquidity framework of the ability to draw on Bank of England liquidity facilities, where firms have access arrangements and appropriate collateral in place.

    1 October: Following PS8/18 ‘Pillar 2: Updates to reporting requirements’ updated versions of Statement of Policy ‘The PRA’s methodologies for setting Pillar 2 capital’ and SS32/15 ‘Pillar 2, including instructions for completing data items FSA071 to FSA082, and PRA 111’ have come into effect. The Pillar 2 reporting schedule has also been updated, and is available above.

    28 September: Following the publication of the final PRA110 template and associated reporting instructions in Policy Statement (PS) 2/18 ‘Pillar 2 liquidity’, we have received a number of additional questions from firms regarding the template and reporting instructions. We have decided to publish answers to these questions (‘Q&As’) periodically, where questions received highlight a need to clarify the reporting instructions or rules. This document is version 1 of the PRA110 Q&As and covers responses on questions related to monetisation rows.

    In addition, having considered feedback from firms, we have reviewed the currency reporting basis for the interim reporting period: firms should only submit on an all-currency basis and for US Dollars (USD), where USD is a material currency.

    For more information see the Interim reporting of PRA110 section.

    31 August: To assist firms with their submission of PRA110, we published a taxonomy release note alongside v3.1.1 of our XBRL taxonomy, data point model (DPM) and taxonomy validations – see the Taxonomy section below. 

    12 July: Following our email to participating firms, we provided further information on the timing and basis of interim reporting for the introduction of PRA110.

    By way of background, in Policy Statement 2/18 ‘Pillar 2 liquidity’ the PRA introduced methodologies for the assessment of Pillar 2 liquidity risks and a cashflow mismatch risk (CFMR) framework. PRA110 is the new reporting template associated with the CFMR. On 17 January 2018, we updated this webpage to set out that, due to the postponement of the introduction of the PRA110 from 1 January 2019 to 1 July 2019, the interim reporting period would similarly be postponed until September 2018 at the earliest. Specific firms have been contacted to let them know of our intention to commence interim test reporting of the PRA110 and to request their firm’s participation. This update provides additional information on the timing and basis of interim reporting for participating firms.  

    Timelines and approach

    Data submissions for the testing period will commence with end October 2018 data being collected in November 2018. During this time, the PRA110 should be submitted with existing FSA047 and FSA048 returns.

    • For firms currently reporting FSA047 and FSA048 on a monthly basis, please report the PRA110 as at the calendar month end. The submission is due within 15 business days of the reporting date.
    • For firms currently reporting FSA047 and FSA048 on a weekly basis, please report the PRA110 once per month, reporting data as at the last Friday of the month (in line with the FSA047 and FSA048 returns). The submission is due within 15 business days of the calendar month end.

    Firms should submit the PRA110 on the following reporting basis:

    • submit on an all-currency basis and for the three single largest material currencies, or fewer if appropriate; and
    • submit PRA110 only for material UK subsidiaries (these will be selected in consultation with firms’ supervisors).

    This will enable firms to:

    • assess their own internal processes for the production of the PRA110 returns;
    • assess that in-scope submissions pass the Gabriel blocking validation rules; and
    • demonstrate the accuracy of their PRA110 data ahead of FSA047 and FSA048 being switched off.

    How to submit PRA110

    To assist firms with their submission of PRA110, we published v3.0.0 of its XBRL taxonomy, data point model (DPM) and related technical artefacts on Friday 20 April 2018 (see below). We are aiming to have firms submit the PRA110 returns in the XBRL format via Gabriel. 

    How to contact us during the interim reporting period

    We will collate questions from participating firms before issuing any updates to FAQ as and when common queries arise. This will also be supplemented by individual periodic responses from supervisors.

    Please email questions to your supervisors and copy in LiquidityPillar2ReportingProjectQueries@bankofengland.gsi.gov.uk.

    10 July: We published an amended Branch Return Form. We will shortly consult on the change to the existing form. Until then, we would be grateful if firms are able to use the amended form from now onwards. See Branch Return Form below. 

    5 July: We published v3.1.0 of the Bank of England Banking XBRL taxonomy, alongside related technical artefacts. This taxonomy is to be used for MREL reporting which follows Policy Statement 11/18 ‘Resolution planning: MREL reporting’, published on 13 June 2018. This will take effect from Tuesday 1 January 2019.

    Please note: the BEEDS system will be used to collect MREL reporting data. The Bank will contact firms to request some basic details to grant access to the BEEDS portal. This will include a request for the nomination of a ‘principal user’ who will be the main contact for the firm with respect to BEEDS, register additional users, and submit returns. Firms should ensure they respond to the request by the deadline given, even where the principal user for MREL reporting is an existing user of BEEDS. Following this, further instructions on how to access BEEDS and an information guide will be sent directly to the nominated principal user.

    13 June: We published Policy Statement 11/18 ‘Resolution planning: MREL reporting’ and Supervisory Statement 19/13 UPDATE ‘Resolution planning’. The appendix to the updated SS19/13 includes MREL reporting templates and guidance that will take effect from Tuesday 1 January 2019. For submission purposes, firms are referred to the Bank’s website for the MREL-related taxonomy and any additional materials and updates. As noted on 3 May 2018, we will aim to publish the final version of the taxonomy and DPM in Summer 2018.

    In preparation, the Bank will contact firms to request some basic details to grant access to the BEEDS portal. This will include a request for the nomination of a ‘principal user’ who will be the main contact for the firm with respect to BEEDS, register additional users, and submit returns. Firms should ensure they respond to the request by the deadline given, even where the principal user for MREL reporting is an existing user of BEEDS. Following this, further instructions on how to access BEEDS and an information guide will be sent directly to the nominated principal user.

    3 May: We published a public working draft (PWD) of the standalone MREL reporting taxonomy that will make up part of the Bank’s Banking XBRL taxonomy, alongside related technical artefacts. The taxonomy, data point model (DPM) dictionary, annotated templates and validation rules represent the requirements for MREL reporting, as mentioned in Consultation Paper 1/18 'Resolution planning: MREL reporting'. Firms and software vendors are invited to provide feedback on the PWD of the taxonomy and DPM artefacts by 17 May 2018. We will aim to publish the updated Banking XBRL taxonomy in Summer 2018 See the Taxonomy section below for more information. Please note: the BEEDS system will be used to collect MREL reporting data.

    30 April: Alongside PS8/18 ‘Pillar 2: Update to reporting requirements’ we published:

    • PRA111 data item and instructions
    • Updated Guidance on terms used in data items FSA071 to FSA082, and PRA111*
    • Updated Pillar 2 reporting schedule 

    *Note: the effective version as at 30 April 2018 is available under ‘Other FSA data item related documents. The version effective from 1 January 2019, which incorporates reporting for ring-fenced banks, is available under ‘RFB data items and instructions’

    26 April: We published v1.0.1 of the financial statements XBRL utility that contains a fix for the commonly reported bug in v1.0.0, where the incorrect firm reference number (FRN) was being entered into the XBRL code. See the 'Capital+ XBRL utility and financial statements XBRL utility' section below.

    20 April: We published v3.0.0 of the Bank of England Banking XBRL taxonomy, alongside related technical artefacts. This includes the taxonomy for ring-fencing which follows Policy Statement 3/17 ‘The implementation of ring-fencing: reporting and residual matters – responses to CP25/16 and Chapter 5 of CP36/16’ published on 1 February 2017, and the taxonomy for Pillar 2 liquidity (‘Pillar 2’) which follows PS2/18 ‘Pillar 2 liquidity’ published on 23 February 2018. Please note: the GABRIEL system will be used to collect Pillar 2 reporting data and the ring-fencing data.

    The taxonomies for financial statements and Capital+ reporting are unchanged from v2.0.0 of the Bank of England Banking XBRL taxonomy.

    7 March: We published a public working draft (PWD) of v3.0.0 of the Bank of England Banking XBRL taxonomy, alongside related technical artefacts. This includes the taxonomy for Pillar 2 liquidity (‘Pillar 2’) which follows Policy Statement (PS) 2/18 'Pillar 2 liquidity' published on 23 February 2018 and the taxonomy for ring-fencing which follows PS3/17 'The implementation of ring-fencing: reporting and residual matters - responses to CP25/16 and Chapter 5 of CP36/16' published on 1 February 2017. The taxonomy, data point model (DPM) dictionary, annotated templates and validation rules represent the requirements for reporting of Pillar 2 data as set out in PS2/18 and for ring-fencing data as set out in PS3/17. Firms and software vendors are invited to provide feedback on the PWD of the technical artefacts by Tuesday 20 March 2018. We will aim to publish the final v3.0.0 Bank of England XBRL taxonomy in April 2018. See the Taxonomy section below for more information. Please note: the GABRIEL system will be used to collect Pillar 2 reporting data and the ring-fencing data.

    The taxonomies for financial statements and Capital+ reporting are unchanged from v2.0.0 of the Bank of England Banking XBRL taxonomy.

    23 February: We published PRA110 template and reporting instructions alongside PS2/18 ‘Pillar 2 liquidity’  and SS34/15 ‘Guidelines for completing regulatory reports’. The PRA110 template and reporting instructions will take effect from 1 July 2019. For information and updates on upcoming public working drafts and taxonomies, please refer to this page.

    Separately, we also made minor updates to RFB001 - RFB008 instructions. The ‘Units’ section in each set of reporting instructions has been updated to clarify the precision required for reporting.

    7 February: The Bank of England Electronic Data Submission (BEEDS) user guide has been updated to incorporate changes that have been made as part of ongoing system maintenance, as well as important information regarding account practices. Credit unions using the BEEDS portal should familiarise themselves with this document. 

    PDF BEEDS portal user guide - Credit unions

    31 January: Minor updates have been made to PRA102 instructions and PRA103 instructionsFollowing receipt of the first PRA102 and PRA103 returns and queries from firms, we have provided more clarity in the ‘Reporting periods’ section on which columns firms should complete. Expanded examples of reporting annual and semi-annual data are also included. 

    17 January: In CP13/17 ‘Pillar 2 Liquidity’ the PRA proposed to introduce a new liquidity reporting template (PRA110) to support the cash flow mismatch risk (CFMR) framework. Having considered responses, the PRA has decided to postpone the proposed introduction of PRA110 by 6 months, from 1 January 2019 to 1 July 2019. The interim reporting, proposed to start in March 2018, is also delayed by 6 months to at earliest September 2018. As proposed in CP13/17, the PRA intends to terminate the FSA047 and FSA048 returns at the same time the PRA110 is implemented. In case of any delay in the implementation of the PRA110, the PRA will delay the proposed termination of the FSA047 and FSA048 returns. The FSA047 and FSA048 termination remains linked to the implementation of the PRA110.

  • Regulatory reporting banking sector updates - 2017

    Banks, building societies and investment firms – 15 December: We updated the indicative timeline for Capital+ reporting requirements (initially published on 27 September 2017) to reflect the addition of a User Acceptance Testing (UAT) window in January for firms with a first reporting deadline in February 2018 and beyond. Firms should refer to the timeline for further details on key activities leading up to their submission date. We will continue to contact firms directly with relevant updates on Capital+ reporting.

    Banks, building societies and investment firms – 6 December: We published CP25/17 'Pillar 2: Update to reporting requirements' and CP26/17 'Model risk management principles for stress testing'.  Both consultations close on Tuesday 6 March 2018.

    Banks, building societies and investment firms – 27 October: Following its publication on 15 September, we remind those working with the FINREP Financial Statements templates that you may submit queries for reporting clarifications. For any queries relating to the EBA's FINREP instructions, you should submit a Q&A to the EBA. For UK GAAP-specific queries, you can submit these to your trade associations (who will group queries and prioritise those that apply to multiple firms, before passing them on to us) or directly to us. For UK-specific reporting clarifications, and further information including contact details, please refer to the spreadsheet below.

    ExcelUK - Specific reporting clarifications for FINREP Financial Statements templates

    Banks, building societies and investment firms - 3 October: We published updated instructions for FSA076 and FSA077, and an updated regulatory reporting schedule alongside PS22/17 'Refinements to the PRA's Pillar 2A capital approach'. We also published an updated FSA083 template and instructions alongside PS21/17 'UK leverage ratio: treatment of claims on central banks'.

    Banks, building societies and investment firms - 27 September: The PRA published an update on Capital+ reporting requirements (as previously set out in PS32/16 'Responses to Chapter 3 of CP17/16 - forecast capital data') ahead of 1 October, when the requirements take effect.

    • Firms with a reporting deadline in December 2017 – the PRA will aim to contact firms w/c 25 October 2017 with details of what they need to know and do to use the live Bank of England Electronic Data Submission (BEEDS) portal to report their data.
    • Firms with a reporting deadline in January and February 2018 – following the update published on 31 July, the PRA will now contact firms w/c 9 October 2017 to confirm User Acceptance Testing (UAT) dates and provide details of what firms need to know and do ahead of UAT and BEEDS onboarding.
    • Firms with a reporting deadline in March 2018 and beyond – the PRA we will aim to provide an opportunity for UAT once a quarter in 2018. The PRA will contact firms directly with any details on UAT and/or what they need to know and do ahead of their reporting deadline.

    Firms should refer to the indicative timeline for further details on key activities leading up to their submission date. Between 1 October 2017 and the first time a firm's return is due under the new rules, the PRA asks firms to continue to submit Capital+ returns under any current voluntary arrangements. In future, following this update, the PRA will contact firms directly with relevant updates on Capital+ reporting. If firms have any queries in the meantime, they should contact their usual supervisory contact.

    Banks, building societies and investment firms - 18 September: The Bank published a public working draft (PWD) of the standalone ring-fencing taxonomy that will make up part of v3.0 of the Bank of England Banking XBRL Taxonomy, alongside related technical artefacts. This follows Policy Statement 3/17 ‘The implementation of ring-fencing: reporting and residual matters – responses to CP25/16 and Chapter 5 of CP36/16’. The taxonomy, data point model (DPM) dictionary, annotated templates and validation rules represent the requirements for reporting of ring-fencing data as set out in PS3/17. Firms and software vendors are invited to provide feedback on the PWD of the technical artefacts by Friday 6 October 2017. The PRA will aim to publish the final v3.0 Bank of England Banking XBRL taxonomy in Spring 2018. See the Taxonomy section below for more information. The PRA also confirms that the GABRIEL system will be used to collect ring-fencing reporting data.

    Banks, building societies and investment firms  - 15 September: The PRA published UK-specific reporting clarifications for FINREP Financial Statements templates. The clarifications are intended to help firms in complying with the financial statements reporting requirements, as set out in paragraph 2.9 of PS36/16 'Financial statements - responses to Chapter 3 of CP17/16'. The clarifications will be applicable to firms submitting from 2018 Q1 onwards

    Banks, building societies and investment firms  - 23 August:
    The Bank published an updated v1.1.0 of the Capital+ XBRL Utility and Bank of England Banking Annotated Templates, which include amendments following PS20/17 ‘Regulatory reporting: Responses to CP6/17’. See the Taxonomy section below for more information.

    Banks, building societies and investment firms - 16 August:
     The PRA issued an information request to firms subject to reporting requirements set out in Financial statements - responses to Chapter 3 of CP17/16 - Policy Statement (PS) 36/16 and IFRS 9: Changes to reporting requirements - PS18/17, which take effect from 1 January 2018. Specifically, the request is relevant to firms required to submit FINREP and PRA104-107 instead of FSA001, FSA002 and FSA014, and, depending on the accounting standard used, those required to submit certain FINREP templates instead of FSA015. The request, which has been sent to GABRIEL principle users, seeks information on the reporting schedules firms are planning to use, and requests responses by Friday 8 September 2017. Responses will enable the PRA to update reporting schedules on GABRIEL in advance of the 1 January 2018 effective date. Queries on the request should be sent to FinrepNotifications@bankofengland.co.uk.

    Banks, building societies and investment firms - 31 July: 
    The PRA provided an update on User Acceptance Testing (UAT) for the Bank of England Electronic Data Submission (BEEDS) portal for Capital+ reporting. For firms with a reporting deadline in January and February 2018, the PRA intends to provide a UAT environment in November/early December 2017. The indicative timeline for BEEDS onboarding has been updated to reflect this. The PRA will confirm exact dates for UAT in September. For remaining firms (with a reporting deadline of March 2018 and beyond), the PRA will aim to provide an opportunity for UAT once a quarter in 2018. If firms have any queries, for example, regarding their submission deadline, they should contact their usual supervisory contact.

    Banks, building societies and investment firms - 6 July: the PRA published IFRS 9: Changes to reporting requirements - PS18/17. The PS includes an update to SS34/15 ‘Guidelines for completing regulatory reports’. The PS also includes details of the following waivers, rule modifications and notifications:

    Banks, building societies and investment firms - 30 May: The PRA confirmed that firms subject to Capital+ reporting requirements will use the Bank of England's Electronic Data Submission (BEEDS) portal to submit the relevant Capital+ returns from 1 October 2017. This follows publication of PS32/16 'Responses to Chapter 3 of CP17/16 - forecast capital data' which sets out requirements for Capital+ reporting. By way of reminder, the Taxonomy and related technical artefacts firms will need to use to submit returns via BEEDS are available in the Taxonomy section on this webpage.

    Between 1 October 2017 and the first time a firm's return is due under the new rules, the PRA asks firms to continue to submit Capital+ returns under any current voluntary arrangements.

    Banks, building societies and investment firms - 28 April: the PRA published Ensuring operational continuity in resolution: reporting requirements - PS10/17. The PS includes a new data item and instructions for PRA109 ‘Operational Continuity’, effective from 1 January 2019. The PRA is aware that firms will need information on the precise mechanism by which that data will be collected to assist with implementation. The PRA will aim to provide firms with an update on this in Q4 2018.

    Banks, building societies and investment firms - 27 January: The PRA published a variation to previous Modifications by Consent to Leverage Ratio rule 1.2, Public Disclosure rule 1.1 and Reporting Leverage Ratio rule 1.2 on the Waivers and modification of rules webpage. Along with the Modification by Consent, the PRA issued the modified FSA083 data item, which is available under 'FSA data items' below.

  • Regulatory reporting banking sector updates - 2016

    Banks, building societies and investment firms - December 2016: Financial statements - responses to Chapter 3 of CP17/16 - PS36/16 includes the final rules for the new reporting requirements relating to balance sheet and P&L data in the Regulatory Reporting Part of the PRA Rulebook, an update to Supervisory Statement (SS)34/15, ‘Guidelines for completing regulatory reports’ and new PRA104-PRA108 returns and instructions effective from 1 January 2018. Firms should continue to use the returns and instructions in the ‘FSA data items’ table below until these take effect.

    Firms that do not have an accounting year end of 31 December 2017 can apply for a rule modification (via the modification by consent process) which would enable them to delay application of the new rules and new format reporting until the start of their financial year beginning in 2018. Firms that do not have an accounting year end of 31 December and wish to report on a schedule linked to their accounting reference date (ARD) can notify the PRA using the notification form available below.

    • Waiver by consent of regulatory reporting rules available at Waiver and modification of rules.
    • Request to report financial information (FINREP) and PRA104-PRA107 on accounting reference date (ARD)-linked basis (available under 'Financial Reporting (FINREP) notifications' below.
  • Regulatory reporting banking sector updates - 2015

    Banks, building societies and investment firms - 30 April: The PRA published Supervising international banks: the Branch Return – PS8/15 setting out a rule requiring incoming firms and third country firms to submit a Branch Return on a six monthly basis. The Branch Return will provide the PRA with information about the UK activities of these firms.

    ExcelBranch return template
     

This page was last updated 06 June 2019
Was this page useful?
Add your details...