2020.09.30 minutes

ECB update.
No particular update. The SFRDP taxonomy was published in June and is being used. ECB has intentions to publish the SFRDP extension to the EBA 3.0 taxonomy faster in comparison to this year, to enable more preparation time to the stakeholders.
There is no extension planned to the EBA COVID19 taxonomy.

EBA update.
EBA is elaboration the 3.0 taxonomy; to be published in 2 phases :
1) COREP, FINREP, AE, GSII
2) MREL/TLAC
New taxonomy architecture is deployed to store severity in a separate folder (set) in the taxonomy as from that moment on.
3.1 taxonomy is expected after 2021-02, which includes new reporting frameworks such as Investment Firms, but also changes to SBP and Resolution.
EBA has decided to allow as from 3.1 the OIM xBRL-CSV format as a result of the Task Force on Evolving the Reporting Format. This new format complies with the requirements to modernise the supervisory reporting format.
EBA will present the conclusions during the next online Eurofiling day.
EBA is working on the DPM refit project with EIOPA.

EIOPA update.
EIOPA is working on the DPM refit project with EBA.
EIOPA confirms that will issue a taxonomy hotfix on 1 November 2020 for the 2.5.0 Solvency 2 and Pension Funds. The hotfix as in previous years will only correct the non-working validations, without any further change.
EIOPA will publish an update today of the public list of validations indicating as “under investigation” the assertions which are identified as to be corrected in the 1 November hotfix. EIOPA calls for the interested stakeholders and users to submit any useful feedback related the 2.5.0 taxonomy and validations before the 15 October in order to be in time to address them in the 1 November hotfix.

SRB update.
SRF taxonomy is published and the portal will be opened on October 1st for testing, November 1st for production.
RES taxonomy 5.0.7 will be published today as an extension on EBA 2.10, with updates on validation rules.
The data are expected at the end of March for LDR, all the rest for end of April.

ESMA update.
There is no significant update from ESMA on taxonomies compared to the last meeting: ESMA is waiting to hear back from the Commission on endorsement of the draft RTS and for the translations of the labels, after which ESMA will publish the 2020 taxonomy files.

Upcoming events.
– Implementing ESEF: Opportunities, challenges & way forward. Accountancy Europe. October 12.
– Eurofiling DPM event, October 22 15:00-17:00 CET with various speakers (see 2020.eurofiling.info). Registration open here. Data Point Modelling was created as a CEN standard in format of a CWA and is widely used across Europe in Supervisory Reporting, moving to an ISO standard is in preparation.

AOB.
XBRL Spain is working on an user-friedly XBRL viewer for financial information of Banks now published by the Bank of Spain also in XBRL format.

The instructions to join eurofiling@googlegroups.com (distributiom list with 400+ subscriptors) are available at http://minutes.eurofiling.info/facility

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2020.08.26 minutes

EIOPA update

Comments from EIOPA:

EIOPA will probably deliver by 1 November a hotfix for the 2.5.0 taxonomy. Similar to other previous years only the non-working validations will be fixed.

EIOPA is following the XBRL specification development in the context of TFERF which are planned to be applied for Solvency 2 and Pension Funds taxonomy by 2.7.0 release (about June 2022 release).

EIOPA is working with the EBA and ECB on the “DPM refit” during this summer.

SRB update

Comments from SRB:

SRB has published to the NRAs the taxonomy for the Single Resolution Fund reporting; new Filing Rules are also issued.

After approval of the Board (in September) the pack will be published.

ESMA update

Comments from ESMA:

ESMA published in July an update to the ESEF Reporting Manual.

Future publications (expected in Autumn): 2020 XBRL taxonomy files and 2020 Conformance Suite test files.

Feedback is welcome at esef@esma.europa.eu.

In response to question by one attendant, ESMA staff indicated that the update to the IFRS taxonomy linked to the covid19 related rent concessions (IFRS 16) which was published by the IFRS Foundation in summer is not expected to be incorporated into the 2020 taxonomy. Therefore preparers will need to create extensions (see guidance in the Reporting Manual).

EBA update

No update from EBA.

Comments from participants:

Taxonomy 2.10 was released in its final form with a small update on SBP on August 3.

ECB update

No update from ECB.

Upcoming events

  • Eurofiling DPM event on 22 October 2020

Data Point Modelling was created as a CEN standard in format of a CWA and is widely used across Europe in Supervisory Reporting.

More info on https://2020.eurofiling.info/.

  • Eurofiling Blockchain

event in preparation, date is to be determined and program is under development.

  • ESG Reporting.

On Environment, Sustainability and Government, date is to determined and program are under development.

Note: Eurofiling offers the possibility to anyone to organize other events in the area of European Regulatory Reporting if in scope of the bylaws of the Foundation. Please contact the Eurofiling Foundation who can provide you with logistics and publicity to attract the audience.

Next call

Wednesday 30 September 2020 via the normal phone facility (freeconference call). See http://minutes.eurofiling.info/facility/.

 

 

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2020.06.24 minutes

ECB
Comments from ECB:
SFRDP v4.0.0 is published on the ECB website.
First reference date is 30 June 2020.
ECB will do its best to publish the next version of the taxonomy at an earlier moment in time.
Publication of this version was delayed by delays in the publication of the EU regulation on which it is based.

EIOPA
Comments from EIOPA:
EIOPA has published a draft taxonomy for the 2.5.0 release covering reporting by insurers and pension funds containing also the ECB add-ons.
Comments can be send to EIOPA until the end of this month.
First reference date for 2.5.0 is 31 December 2020.

ESMA
Comments from ESMA:
Working on:
1. Draft RTS to make available the 2020 IFRS taxonomy for ESEF tagging published last week, to be adopted by the European Commission and by European Council / Parliament hopefully by end of this year. ESEF 2020 taxonomy is mandatory to be used for 2021 financial statements. Voluntary for earlier financial statements.
2. Draft ESEF XBRL taxonomy files based on the IFRS 2020 taxonomy including translated labels – translations provided by EC and publication by ESMA expected in Q3/Q4.
3. Update of the Conformance suite,
Publication expected in Q3 or early Q4
4. ESEF Reporting Manual update 2020 , notably for topics like anchoring of extension domain members and recommendations on naming conventions
Publication expected for July 2020.

GLEIF and ESMA collaborated on the 2019 GLEIF annual statement to serve as an example of ESEF report.

ESMA has taken note of the recommendations by the High Level Forum on capital markets union to the European Commission calling for an EU single access point for company’s public information.
ESMA stands ready to implement such an infrastructure, if so tasked and if adequately equipped with ad hoc funds, as it would enhance the value of those disclosures.

SRB
comments shared by SRB:
No changes to earlier statements on the taxonomies and submissions.
Summary of those earlier statements on taxonomies:
1. SRF-EAC taxonomy will be published in July of 2020.
2. SRB-ResRep taxonomy (based on EBA 2.10) will be published in September of 2020.

EBA
Comments from EBA:
EBA 2.10
Phase 1 is published in April ( frameworks FP, REM and PAY).
Phase 2 contains new versions for SBP, COVID19, RES and FP.
Funding Plans being a patch on the version included in 2.10 phase 1.
An internal working draft version is under review by NCA’s.
COVID might become an additional framework instead of a module in FINREP.
All row and column numbers in SBP will use 4 characters (e.g. 0010),
Publication of 2.10 phase 2 is expected for 10 July following reviews by EBA SCARA and the Board of Supervisors.

EBA will accept submissions on COVID19 in XBRL and Excel for the first reference date (2020-06-30), but only XBRL as from 2020-09-30 reference dates.
EBA will accept submissions on REMUNERATION for reference data 2019-12-31 in Excel and XBRL.
EBA 3.0
Publication expected for September 2020.

TFERF
EBA is studying the improvement of the reporting format within its Task Force TFERF which is a collaboration between EBA, NCAs, European authorities and XBRL International.
Challenges faced by EBA are very large files (> 1 GB) and simplified file formats.
TFERF is looking into the suitability of xBRL-CSV. EBA is considering accepting submission using that format as of EBA 3.1.

Events
Eurofiling is planning to organise events around blockchain in September and around Environmental, Social and Governance reporting in October of this year.
Data Amplified will be held in November of this year.

Next call
No call in July.
Next call on Wednesday 26 August at 10:30 AMS time (i.e. UTC +1) using the FreeConferenceCall.com facilities.

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2020.05.27 minutes

SRB

Comments from SRB:

  • SRF taxonomy is going to be published in July, testing by NRA will be possible as from September/October.
  • LDR taxonomy (ResRep) is an extension on EBA 2.10 (Resolution framework). SRB adds entry points and modifies validation rules. No SRB-specific data points.
    The taxonomy is going to be published in September. Testing is possible by NRAs as scheduled.

Comments from SRB following questions from participants:

  • As this version is similar to the previous version the amount of data reported is expected to be similar as well.

ESMA

ESMA provided the following update:

  • The main update is that ESMA is finalising the update of the RTS on ESEF which is expected for publication in the first week of June.
    It will contain an update of the ESEF taxonomy to mirror the 2020 IFRS taxonomy.

EIOPA

Comments from EIOPA:

  • 2.5.0 PWD is going to be published in the beginning of June, EIOPA foresees a period for comments and testing by industry and NCAs.

No significant changes when compared to 2.4.0.

ECB

Comments from ECB:

  • The official publication is still pending but the SFREP taxonomy is already out for testing.

Testing has shown that some validation rules are not to be evaluated, they will be blacklisted soon.

First remittance date is in September on reference date 2020-06-30.

EBA

EBA provided the following update:

  • DPM 2.10 phase 2 is in development phase now, a draft version should be published at the beginning of June.

Four frameworks:

  • Resolution
  • SBP
  • Covid-19 templates
  • Funding plans: a correction on the taxonomy published as DPM 2.10 phase 1: the correction is on P 02.06, a dimension CCA with value CA:x1 will be added to indicate that this table should be reported in the original currency.
  • TFERF: EBA plans to accept both XBRL-XML format and XBRL-CSV format from DPM 3.1.

Comments from participants:

  • Covid-19 reporting will be possible in Excel and XBRL format to the EBA for the June reference period.
    For the September reference period only XBRL is accepted.

Events

Comments from Eurofiling:

  • Eurofiling is organising a few online events as announced on the website https://2020.eurofiling.info/:
    Thursday 28 May on ESEF.
    Wednesday 24 June on xBRL Innovation.

Comments from participants:

  • XII News: Virtual 2020 Back to Physical 2021. The XBRL International Board decided at its May meeting that the normal F2F conference that was being planned for the first week of November will not go ahead as a physical meeting, as the Covid 19 pandemic creates too many uncertainties. Instead, XII will be hosting a virtual event that should provide a significant opportunity for all those involved in digital reporting to interact and discuss innovation in this field. Please stay tuned for “Save the date” and calls for presentations etc.

    XBRL International does not expect to try to run a physical event in the first part of 2021. Instead, it’s expected that Data Amplified 2021 will go ahead as a physical meeting in late October/early November as usual. Please mark your diary and obtain pre-approval for this necessary travel!

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2020.04.29 minutes

SRB

Comments from SRB:

  • SRF-EAC taxonomy for 2021 will be published end of July. The collection portal opens on Nov 1st.
  • ResRep 2021 will be published at the end of September, assuming a timely availability of EBA taxonomy v2.10 phase 2.

ESMA

Comments from ESMA:

  • ESMA is updating the RTS and updating the taxonomy to include the IFRS 2020 taxonomy. Package to be send to the EC next month. Publication, after official translation, expected for September. Mandatory for reports with a reference data in 2021, optional for reports referencing 2020.
  • The conformance suite published did not take into account all recently updated specifications from XII.
    The conformance suite will be discussed in detail at the ESEF Day on 28 May 2020 via WebEx. More information on this day at https://2020.eurofiling.info/.
  • The reporting manual will be also updated and published in July.

Comments from participants:

  • xBRL-EU working group is looking at the conformance suite and will provide comments to ESMA.

EIOPA

Comments from EIOPA:

  • EIOPA issues Recommendations on supervisory flexibility regarding deadlines of supervisory reporting and public disclosure by insurers. Including the technical specifications for the implementation with the 2.4.0 Solvency 2 taxonomy.
  • EIOPA issues an Statement on principles to mitigate the impact of Coronavirus/COVID-19 on the occupational pensions sector in Europe.
  • EIOPA extends the deadline till 1 June the Public Consultation on the review of technical implementation means for the package on Solvency 2 Supervisory Reporting and Public Disclosure

ECB

Comments from ECB:

  • ECB regulation was published, which means that the SFREP taxonomy v4 can be published soon.
    ECB calls for volunteers from NCAs to test this version.

EBA

Comments from EBA:

  • v2.10 phase 1 was published in April.
  • v2.10 phase 2 is being built. Due to the corona crisis new reporting requirements will be included as decided by the BoS.

In this package three taxonomies will be included:

    • RES (expected draft mid May at the earliest)
    • SBP
    • COVID-19 reporting, based on 2 templates from FINREP with additional data points.
      • Quarterly submissions at individual  and consolidated level.
      • first reference date would be 2020-06-30 with first submission in September 2020
  • TFERF task force about new reporting format (OIM) is ongoing, technical task force is building a pilot case to demonstrate that xBRL-CSV addresses issues identified with large instance documents.

Events

Comments from Eurofiling:

  • Eurofiling is adapting to face “the New Normal”.
    Live conferences are delayed until further notice, meanwhile Eurofiling Foundation is organising several online events:

  • Eurofiling thanks the volunteers to provide material to the rest of the community.
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2020.03.25 minutes

EBA

Comments from EBA:

  • 2.9.1.1 published on 4 Feb 2020
    Some validation rules are found to be incorrect and are added to the exclusion list published on 12 March 2020.
  • 2.10 phase 1 contains Fraudulent Payments, Remuneration and Funding Plans.
    Fraudulent Payments and Remuneration are primarily used by NCA’s to submit data to EBA (where applicable via ECB).
  • 2.10.phase 2 is planned to be published in June including Resolution, FRTB (fundamental review of trading book) and SBP.
  • 3.0 is planned for development starting in August and publication in October 2020. EBA is conducting a study on the reporting format with a Task Force including ECB and EIOPA.

More specifically this task force is looking at the problems with large instances and validation performance.

  • EBA also works on guidelines for reporting by banks around COVID-19.

ECB

Comments from ECB:

  • ECB is testing SFRDP 4.0.0 taxonomy based on the latest changes made by the EBA in DPM 2.9.1.1.
  • It will be made public once the necessary changes in the ECB regulation are published.
  • The first reference date is June 2020 for which the remittance date is in September 2020.

EIOPA

Comments from EIOPA:

  • EIOPA has published public recommendations on supervisory flexibility regarding the deadline of supervisory reporting and public disclosure following the outbreak of the Coronavirus/COVID-19.
    Partial reporting approach and some flexibility on reporting timelines are recommended.
    More info: https://www.eiopa.europa.eu/content/recommendations-supervisory-flexibility-regarding-deadline-supervisory-reporting-and-public_en
  • Following this EIOPA will publish by early next week the taxonomy technical specifications to support those recommendations, which will mainly consist in some temporary deactivation of some business validations to accept the partial reporting but will NOT require of taxonomy updates (hotfixes).
  • EIOPA plans to update the public list of known issues and validations in the following 10 days.

ESMA

No update from ESMA.

Other comments, made during the call:

  • ESMA has published the “ESEF Conformance Suite” to facilitate implementation of the ESEF Regulation, to test and provide assurance on whether software tools are able to create and / or consume filings which are in line with all ESEF requirements. In particular, the Conformance Suite permits to determine if a software is able to detect and flag infringements to the ESEF requirements contained in a filing.

The Conformance Suite builds on the rules and guidance set out by the ESEF Regulation and the ESEF Reporting Manual. It consists of 157 XBRL report packages, grouped into 60 tests, packaged in a zip file. It is accompanied by an Excel file which describes the rules and guidelines and the test cases, together with the expected error codes in case of incompliance. For each identified rule and guideline there is at least one valid and one invalid test case.

More info: https://www.esma.europa.eu/press-news/esma-news/esma-publishes-esef-conformance-suite

SRB

Comments from SRB:

  • SRF-EAC will be updated with a few minor changes (labels) and potentially one new data point.

Tentative delivery date: end of July.

  • Resolution Reporting for SIs consists of Liability Data Report (LDR), Critical Functions Report (CFR), Financial Market Infrastructures Report (FMIR) and Commission Implementing Regulation on Resolution Report (CIR) defined in the SRB taxonomy extension. Resolution Reporting for LSIs consist of Resolution Report (RESOL) defined in the EBA taxonomy.
    Will be extension of EBA v2.10 RES (part of phase 2) expected to be published in September 2020 depending on the availability of the EBA taxonomy.
    Extension contains SRB specific entry points and validation rules, no data points.
  • All the information on which template to be filled in is gathered in the SRB public website: https://srb.europa.eu/en/content/2020-resolution-reporting.
    Please note: as stated on the web page, where an SRB Replacement Report exists (e.g. Z 02.00 is replaced by T 01.00), ONLY the replacement report should be sent by the bank (T 01.00) to the NRA.

Events

Comments from organisation committee:

  • Eurofiling Conference is postponed until the situation is more clear. Face-to-face meetings are highly unlikely before the summer. Eurofiling thinks about sharing pertinent information via webinars in a kind of virtual conference. With most Europeans working from home, live broadcasting may be a challenge.

More info: https://2020.eurofiling.info/

Other business:

Comments made the call:

  • Some initiatives arise in the XBRL community around non-financial reporting:

The UK FRC has published The Streamlined Energy & Carbon Reporting (SECR) Taxonomy.
More info: https://www.frc.org.uk/accountants/accounting-and-reporting-policy/xbrl-frc-taxonomies

The EC has started a public consultation (https://eurofiling.info/portal/public-consultation-on-the-review-of-the-non-financial-reporting-directive-nfrd/ )

See more in www.greenfiling.info.

 

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2020.02.27 minutes

EBA
• 2.9.1.1 published on 4 Feb 2020
• 2.10 phase 1 IW1 was published last Friday internally for XBRL subgroup review including Payment, Remuneration and Funding plan
• 2.10. Phase 1 will be published at the end of March
• 2.10.phase 2 is planned to be published in June including Resolution, FRTB (fundamental review of trading book) and SBP
• Ongoing TFERF: 3 working groups, taxonomy, instance and validations rules

Other comments, made during the call:
• EBA plans to provide different entry points for consolidated and solo reporting as was done for 2.9 and prior. The integration into a single entry point is still under consideration.
• TFERF working group on validation rules aims to provide requirements to XBRL international to improve the specifications
This working group could use examples of validation rules that cause problems in processing.
Responses can be send to the Eurofiling mailing group and be picked up by members of the working group.

ECB
Comments from ECB:
• ECB is finalising SFRDP 4.0.0 taxonomy based on the latest changes made by the EBA in DPM 2.9.1.1.
• It will be made public once the necessary changes in the ECB regulation are published.

EIOPA
Comments from EIOPA:
• EIOPA opened on 5 Feb 2020 a public consultation for the review of the technical means. The consultation will close on 20 Apr 2020 and you can find more information on this link: https://www.eiopa.europa.eu/content/review-technical-implementation-means-package-solvency-2-supervisory-reporting-and-public
• EIOPA will publish as every year on 15 July the new taxonomy version. In this case 2.5.0 for Solvency 2 and for Pension Funds. However, for Solvency 2 this year the changes will be only technical corrections as the regulation is not amended.
• An ITDC meeting is scheduled for Tuesday 27th May in Frankfurt. EIOPA is looking for an alternative day / location that would allow people to attend both.

ESMA
Comments from ESMA:
• ESMA is waiting for the IFRS 2020 taxonomy to update the ESEF taxonomy accordingly. No other updates to the ESEF taxonomy are planned for this year.

Other comments, made during the call:
• There is a special page on the Eurofiling website about software suitable for ESEF: https://eurofiling.info/portal/ixbrl-solutions/

SRB
Comments from SRB:
• SRF collection portal is now closed.
SRB has received all the data (3.000 files from the institutions via the NRAs) and processing of the data is starting.
• Resolution collection portal will be open on 2 March 2020.
The SRB will collect the SIs data (LDR, CFR, FMIR and CIR on resolution) using the RES4.0.3 SRB taxonomy and will collect the LSIs data (CIR) using RES1.1.0 EBA taxonomy

Other comments, made during the call:
• There are some labels in the SRF taxonomy with texts like “auto complete. Do not fill in”. These labels were included in the taxonomy to be compliant with the official legal template, since the SRB itself uses the taxonomy as sole rendering resource for its collection system.

Eurofiling conference
Comments from organisation committee:
• All info is available on https://2020.eurofiling.info/
• Conference might be postponed because of the corona virus outbreak.
• On Monday 26 May there will be meet-the-market events by ESMA and EIOPA and working group session for EBA (TFERF).
• Speakers are welcome, please contact the organisation via info@eurofiling.info,

Other comments, made during the call:
• EIOPA ITDC is scheduled for Tuesday 27 May in Frankfurt.

Other events:
Comments made the call:
• XBRL NL, with AFM and NBA, is organising two sessions in March on ESEF that are drawing a lot of interest from reporters, auditors and software & service providers . One session (70 people) is already sold out. More info (in Dutch) on https://nl.xbrl.org/events/esef-bijeenkomst/.

Remarks:
There is also a page on software suitable for DPM style reporting as used for EBA, ECB, EIOPA and SRB on the Eurofiling website: https://eurofiling.info/portal/xbrl-solutions/

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2020.01.29 minutes

SRB update

Two data collections in place (SRF 2600/3100 files are received, closing end of January, mostly in XBRL; ResRep test portal is open Feb3 with the 4.0.3 taxonomy.

PROD opens March 1st; due date = 31.03.2020. For LSI banks the RESOL taxonomy will be used; for SI banks the SRB taxonomy extension is used.

2021 collection exercise is started with EBA with 2.10 RESOL taxonomy; an SRB extension is expected this summer).

ESMA update

ESMA is working on the following:

  • Preparation of ESEF conformance suite test files.
  • Preparation of an exemplary Annual Report in ESEF format in collaboration with the Global LEI Foundation.
  • Preparation of a Meet the Market event to explore the differences and similarities between ESEF and EDGAR reporting requirements for the benefit of FPIs filing to both the EU and the US. The event will take place on 5 February in Milan at the margins of XBRL Europe Day.

Please take note of 2019 ESEF taxonomy files published by ESMA at the end of the year, that followed the in the Official Journal of the EU of the draft RTS updating the RTS on ESEF.

XBRL Spain is working on test material for ESEF.

An issue has been found in non-English labels: non-standard labels (e.g. total) aren’t translated. See details and an Open Source solution at   http://www.openfiling.info/labelroles/
This topic will be discussed at the next XBRL EU meeting in Milan.

EIOPA update

EIOPA will publish a public consultation in February, for the review of the technical implementation means (DPM and XBRL) for the regular reporting and public disclosure. This is part of the big 2020 review of the Solvency II and it follows the business consultations done during 2019 for the review of the business requirements.

EIOPA will migrate the website on the first week of February. Some temporary unavailability of files may occur, in particular for the canonical location of the XBRL taxonomy files (htttp://eiopa.europa.eu/eu). EIOPA highlights the importance of using the taxonomy package which should not be affected. The assertion deactivations (hosted in the subdomain dev.eiopa) should not be affected.

ECB update

Once EBA publishes 2.9.1.1, ECB will work on the FINREP-DP taxonomy, a test period with NCAs is foreseen in the first week of March.

EBA update

2.9.1.1 updated validation rule package will be published 31 Jan 2020.

EBA is working on DPM and taxonomy version 2.10 phase 1 ( Remuneration, Payment, Funding plan), target publication date is end of February.

TaskForce for Evolving the regulatory Reporting Format (TFERF) held its first meeting on 28 January 2020 to discuss the possible future reporting format.

Eurofiling conference

To be held in Madrid on 25, 26 and 27 May 2020.

More info on http://2020.eurofiling.info/.

European Green deal

The publications made by the European Commission include specific chapters dedicated to banks and related to sustainability.

More information is available on https://greenfiling.info/.

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2019.11.27 minutes

ESMA update
ESMA is planning the publication of the ESEF 2019 taxonomy before the end of the year, after notification by the EC in the OJEU.
Eurofiling received an open source contribution from XBRL Spain to enrich the 2017 taxonomy with missing label roles.
Material is available op opensource.info

Further, a simple generation tool to generate an ESEF file from Excel and/or Word documents is made by Ignacio Boixo and Javi Mora which will be soon made public on opensource.info. This tool is useful for simple use cases and learning purposes.

ESMA emphasizes that issuers are only compliant with the regulation if the publication to the public (eg. on their website) is the same as the xHTML document they send to their OAM and if any additional publication to the public (e.g. in PDF) is consistent in terms of content with the xHTML document.

In the wake of the ESEF, European Investors Community is looking into standardising some concepts of interest to investors.

SRB update
Contributions 5.1.1 taxonomy is installed and NRAs can start testing. End of January is the
Resolution data are collected on taxonomy 4.0.3, which includes all reports such as critical functions and
SRB has opened a Q&A section for any party to raise questions (https://srb.europa.eu/en/content/qa)
Note: 2.9 is used for less significant institutions

EBA update
Taxonomy 2.9.1 is released in November, concerns COREP and FINREP. These taxonomies are updated after discovery of number of issues with ao. grey cells.
January 2020: an update will follow with only updated validation rules on COREP and FINREP.
EBA is elaborating 2.10 which will be released in two phases:
Phase 1 in Feb (Funding Plans, Remuneration and Fraudulent Payments)
Phase 2 in May (SBP, RES, FR Trading Book)

EIOPA update
EIOPA has published updates on the 2.4 taxonomy and pension funds. More info on https://eiopa.europa.eu/Pages/Supervision/Insurance/Data-Point-Model-and-XBRL.aspx

ECB
no update

Upcoming events
– UN Climate Change Conference in Madrid, December under the presidency of Chile.
The question is raised how to move towards a reporting framework which is adopted and maybe even imposed at some point.
A volunteer network is being set up to explore the possibilities which will be picked up during the UN Climate Change Conference on December 9.

– XBRL France conference in Paris in December

Next call in January 2020. Wish you a merry Xmas and happy New Year!

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2019.10.30 minutes

SRB update :

SRF data collection; as from November 4, 2019, SRB will open its portal for testing by NRAs of the SRF-EAC reporting.

Resolution reporting: taxonomy 4.0.3 is published alongside documentation on SRB website.

EBA : no update

 

ECB : no update

 

EIOPA :

Next Monday a publication will be done of a hotfix to the SII taxonomy 2.4.0 which a fix on 30-40 already pre-existing validation rules.

No changes to tables or entry points.

Tender is concluded and EIOPA is in the contracting phase.

 

ESMA :

Translations of taxonomies is an open topic.

 

Other evolutions.

Feedback from the Data Amplified Conference in Shanghai, October 2019: the Eurofiling news channel received by accident a draft report from one participant.

Eurofiling kindly asks all unintended recipients to delete the mail and attachment.

Next events.

See www.eurofiling.info

Global Blockchain event (versus European Financial Transparency Gateway) in Málaga in 11-13 November 2019

48th WCARS Continuous Auditing and Reporting  event at Banco de España, Madrid in April 23-24 2020

In 2020 the Eurofiling conference will be organised again, the location is not final yet.

Next call scheduled for 27 November 2019 10h30 (technical details, cfr. http://minutes.eurofiling.info/facility/)

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