December 19, 2016
The PRA has published a Policy Statement (PS) providing feedback to responses to Consultation Paper (CP) 40/16 ‘Solvency II: Reporting format of National Specific Templates and reporting clarifications’. This PS is relevant to all UK Solvency II firms required to submit NSTs.
It sets out final rules to incorporate National Specific Template (NST) information requirements within the Reporting Part of the PRA Rulebook for financial year end 2016 and future financial year ends.
The PS also sets out the requirement for firms to report their NSTs in Excel templates designed using XBRL, and it provides updated LOG files to accompany NSTs to reflect changes in cell references, reporting clarifications and technical corrections.
For further details, please see full press release here.
- Outline of AxiomSL’s Solvency II solution