Document Properties
-
Type of Publication: Letter
-
Date: June 8, 2020
-
Our File: P1650-7
-
To: Chief Financial Officers of Banks and Federally Regulated Trust and Loan Companies and Principal Officers of Foreign Bank Branches
From:
- Andrew Miller
- Chief Data Officer
In light of the recent developments, the Financial Information Committee (FIC) have made the following changes to the 2020 regulatory return implementation deadlines.
- Interbank and Major Exposures Return (EB/ET 2L) – formal reporting postponed from Q3 2020 to Q1 2021. As well, the test data submission scheduled for Q2 2020 will be postponed to Q4 2020.
- HELOC return (J2) – formal reporting postponed from September 30, 2020 to March 31, 2021. Deposit-taking institutions will be expected to participate in an ad-hoc test based on September 2020 data to be submitted by November 15, 2020.
- Trading Income & GoC Securities Trading Income Return (A3) – formal reporting postponed from Q1 2021 to Q1 2022. As well, test data will be postponed from Q2 2020 to Q1 2021.
- Net Stable Funding Ratio Return (DT1) – formal reporting postponed from Q3 2020 to Q1 2021 and will be subject to Late and Erroneous Filing Penalties (LEFP). Deposit-taking institutions will be expected to formally resubmit all four 2020 quarterly filings in Q1 2021 without penalty.
The following regulatory return implementations will continue as scheduled for Q1 2021:
-
Standardized Institutions Risk Asset Portfolio Information (RAPID1)
-
IRB Credit Data Wholesale Transaction (BF)
-
Mortgage Loans (E2)
Furthermore, any return changes that were under consideration for implementation in fiscal 2021 will be deferred to fiscal 2022.
Schema Definitions/XSD Files
As a reminder, all schema definitions and XSD files are located in RRS under Documents/Portal Documents/ English/Return Technical Specifications.
Additional Information / Questions
If you have any questions about completing or filing the financial Returns, please call Returns Administration at (613) 991-0609.
cc: Canadian Bankers Association