Friday April 3 2020
News Source: Fund Regulation
Focus: General - Fund Regulation
Type: General
Country: European Union
The European Banking Authority (EBA) has provided 31.3. details on its call for competent authorities to offer leeway on reporting dates. EBA urges competent authorities to offer at most one-month flexibility for reports with remittance dates between March and the end of May 2020. The Financial Supervisory Authority (FIN-FSA) has estimated that, due the exceptional circumstances caused by the coronavirus, investment firms, fund management companies and AIF Managers may, if necessary, directly benefit from the following leeway for certain quarterly reports with an original remittance date in May:
| Report | Original remittance date | Leeway | |
| FINREP | F tables | 12.5. | + 7 days (19.5.) |
| COREP | COREP OF | 12.5. | + 7 days (19.5.) |
| COREP LR | 12.5. | + 7 days (19.5.) | |
| COREP LE | 12.5. | + 1 month (12.6.) | |
| AE | 12.5. | + 7 days (19.5.) | |
| VIRATI | FA | 12.5. | + 7 days (19.5.) |
| FT | 12.5. | + 7 days (19.5.) |
However, the FIN-FSA will still have the opportunity to request the individual reports mentioned above in the original delivery schedule on a case-by-case basis. In these cases, the FIN-FSA will contact the reporting entity directly.
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