Regulatory Alerts2023-10-23
Instruction No. 2023-I-15 of October 23, 2023, repealing and replacing Instruction No. 2021-I-03 of March 11, 2021, regarding the implementation of the Unified Reporting of Banks and Similar Entities (RUBA)
The Prudential Control and Resolution Authority issued Instruction No. 2023-I-15 to repeal and replace the previous RUBA reporting framework, establishing updated requirements for the unified reporting of banks and similar entities. The instruction mandates that covered financial institutions submit standardized RUBA statements in national accounting standards, formatted as XML-XBRL and electronically signed, to the Authority. These reporting obligations apply to collections finalized as of December 31, 2023, and the instruction entered into force the day following its publication.
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