Regulatory Alerts2021-06-02 | NBB_2021_10Added · Updated
Circular on implementation of Regulation (EU) 2015/534 on reporting of supervisory financial information
This circular establishes the rules for implementing FINREP reporting on an individual basis for Belgian credit institutions, replacing Circular NBB_2020_16 with the first reference date of 30 June 2021. It introduces a mapping between Belgian GAAP (BGAAP) data from Schema A and FINREP tables, requiring institutions to report simplified supervisory financial data while excluding items incompatible with national accounting standards. The document also extends the authorization to use IFRS for prudential reporting on an individual basis to less significant institutions under specific conditions.
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