What Changed
- Deactivation of inaccurate or IT-affected validation rules and reactivation of valid rules within EBA reporting frameworks.
- Release of a small validation rules package including a micro taxonomy package and DPM validation rules updates scripts required from release 4.0 onwards.
- Direct integration of validation rules into taxonomy and DPM 2.0 to enhance implementation consistency, change traceability, and supervisory harmonisation.
Financial institutions and competent supervisory authorities across the European Union face updated requirements for technical data submissions, as the European Banking Authority (EBA) has published a revised list of validation rules as part of its regular quarterly reporting frameworks update.
The updated validation rules package addresses technical issues within the EBA reporting framework by identifying rules that have been deactivated due to inaccuracies or IT-related issues, alongside rules that have been reactivated. Competent authorities across EU Member States are explicitly reminded that reporting data submitted in accordance with Implementing Technical Standards (ITS) and Guidelines should not be formally validated against any deactivated rules.
In addition to the revised rule list, the EBA has issued a small validation rules package containing a micro taxonomy package and Data Point Model (DPM) validation rules updates scripts. These components are mandatory starting from release 4.0 onwards for each validation rules update exercise. They are designed to ensure that amendments to validation rules remain consistent across both the taxonomy and the DPM structures.
A key structural development highlighted by the EBA is the introduction of DPM 2.0 from release 4.0 onwards, which embeds validation rules directly into both the taxonomy and the DPM. According to the authority, this integration improves consistency in implementation by reporting entities, enhances the traceability of regulatory changes, and contributes to a more efficient and harmonised supervisory reporting process across the Union.
Reporting institutions and national competent authorities must align their reporting IT systems and data validation workflows with these updated EBA specifications.
Who May Be Affected
Competent authorities across the EU and financial institutions submitting data under EBA Implementing Technical Standards (ITS) and Guidelines.
Cross-Border Context
Applies uniformly across all EU Member States for financial institutions subject to EBA supervisory reporting requirements.
What to check next
- Consult the official EBA publication to identify specific validation rules that have been deactivated or reactivated.
- Verify internal reporting systems and software for compatibility with release 4.0 scripts and DPM 2.0 requirements.
This article provides general information and does not constitute legal advice. Consult the official text and obtain advice appropriate to your circumstances where needed.