Regulatory Alerts2014-12-08
Instruction No. 2014-I-16 of December 8, 2014, amending Instruction No. 2011-I-06 regarding the coverage ratio of land credit companies and housing finance companies
The Prudential Control and Resolution Authority issued Instruction No. 2014-I-16 to amend the reporting requirements for the coverage ratio of land credit companies and housing finance companies. The amendment mandates quarterly electronic submissions in XML-XBRL format and introduces transitional provisions allowing paper submissions until December 31, 2015. Additionally, the instruction updates the calculation annexes to include specific rules for exposures to affiliated companies and eligible assets.
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