Revised ITS validation rules issued for supervisory reporting

The European Banking Authority (EBA) has today issued a revised list of validation rules, fundamental to its Implementing Technical Standards (ITS) on supervisory reporting.

This updated package provides essential clarity by detailing rules that have been either deactivated or reactivated, and those that have undergone a change in their severity status.

Rules are deactivated due to identified inaccuracies or persistent IT-related issues, ensuring that only reliable validation checks are applied.

Conversely, other rules have been reactivated after successful resolution of prior issues, restoring their intended function.

Some rules have also had their severity status adjusted to align with evolving supervisory priorities.

Competent Authorities across the EU are formally reminded that data submitted under these ITS should not be formally validated against any rules that have been officially deactivated.

This ensures the integrity and accuracy of the reporting process, preventing misapplication of outdated or flawed validation criteria.

The EBA has also released a supplementary small validation rules package, crucial for ongoing reporting updates.

This package includes a micro taxonomy package and essential Data Point Model (DPM) validation rules updates scripts.

These components are now mandatory from release 4.0 onwards for every subsequent validation rules update exercise, ensuring a standardised approach.

Their primary function is to guarantee consistent amendments to the rules across both the taxonomy and the DPM.

With DPM 2.0, effective from release 4.0, validation rules are now directly embedded within both the taxonomy and the DPM.

This integration enhances consistency in implementation by reporting institutions, improves traceability of changes, and contributes to a more efficient and harmonised supervisory reporting process.