Regulatory Alerts2011-06-15
Added · Updated
Instruction No. 2011-I-06 of June 15, 2011, on the coverage ratio of land credit companies and housing finance companies, as amended by Instruction No. 2014-I-16 of December 8, 2014 (consolidated version) (repealed)
The Prudential Control and Resolution Authority mandates that land credit companies and housing finance companies submit quarterly coverage ratio calculations and asset composition limits via XML-XBRL format within three months of each quarter-end. This instruction repeals the previous 2008 regulation and removes specific electronic signature provisions, while allowing a transitional period until December 31, 2015, for initial submissions using authenticated paper forms supplemented by Excel files.
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