The National Bank has expanded the list of files for testing reporting by non-bank financial institutions under the split project.
The National Bank recalls that testing of reporting for the 4th quarter of 2019 by non-bank financial institutions has been ongoing since the beginning of March within the “split” project.
“Its purpose is to help the NFU adapt to the presentation format used by the National Bank, which they will oversee and regulate as of July 1, 2020,” the statement said.
The NBU website has a register of constantly expanding test report files and basic requirements for their formation, which will allow testing of the entire set of reporting indicators.
Test files are also currently open for testing:
1. For insurance organizations:
-IR4 “Insurer Activity Data”,
– IR75 “Assets for presentation of insurance reserves”;
2. For credit unions:
– СR3 “Composition of assets and liabilities of the credit union”,
– CR6 Credit Union Credit Activity Data,
– CR7 “Data on funds raised by the credit union from legal entities”;
3. For financial companies:
– LR2 “Data on the value of assets leased by the lessor and the sources of financing of the new leases”,
– LR3 “Data on the volume and number of financial leases concluded and executed,”
– LR4 “Factoring Contracts Concluded and Executed, Information on the Movement of Accounts Receivable Under Factoring Agreements”,
– LR7 “Certificate of concluded and executed loan agreements, including on the terms of financial credit, information on the movement of receivables on loans / loans”;
4. For lessors:
– LR2 “Data on the value of assets leased by the lessor and the sources of financing of the new leases”,
– LR3 “Data on the volume and number of financial leasing contracts concluded and executed”;
5. For pawnshops: LRD “Pawnshop activity data”.
The National Bank also notes that those non-bank financial institutions that have not yet joined the reporting test since March 1 may do so by pre-registering on a web portal designated for reporting to the Central Bank.
Recall that on September 12, 2019, the Verkhovna Rada adopted a law on improving the functions of state regulation of financial services markets, which provides for the implementation of the split procedure.
The law reduces the number of regulators and supervisors in the financial services markets by dividing the functions of the National Financial Services Commission between the National Bank and the SSMSC.
As of July 1, 2020, NFUs will only report to the NBU through the web portal in accordance with the specified register of reporting indicators, including reporting for the second quarter of 2020.
Source: Financial Club