Regulatory Alerts2022-03-09
Instruction No. 2022-I-03 of March 9, 2022, on the coverage ratio of land credit societies and housing finance companies and regulatory statements
The Prudential Control and Resolution Authority issued Instruction No. 2022-I-03 to consolidate and update reporting requirements for land credit societies and housing finance companies regarding their coverage ratios and regulatory statements. The instruction mandates quarterly submissions of specific XML-XBRL data and annual reports on debt recovery transfer plans, while introducing additional disclosures for entities seeking the European High-Quality Covered Bond label. It explicitly repeals previous instructions from 2014 and 2016 and entered into force on July 8, 2022.
Share