On Sep. 30, MLT FSA issued circular on the SRF data reporting form.
MLT FSA issued circular to credit institutions on the 2025 Single Resolution Fund (SRF) ex-ante contribution – data reporting form (DRF).
Follows MLT FSA Oct. 2023 issued cir on 2024 SRF ex-ante contribution, see #187862.
Main Points
Institutions are required to provide the information necessary for the calculation by completing the DRF, following the uniform data formats and representations of SRB.
The document previously referred to as Additional Guidance is now integrated into the 2025 Guidance document that also incorporates the sections formerly present in DRF.
For the 2025 cycle, institutions must report data based on the new leverage methodology of art 429c of EU Reg 575/2013 in the context of derivatives adjustment.
Since the SRB revises and updates the DRF each year, institutions are kindly reminded to ensure that they complete and submit the 2025 DRF for the 2025 ex-ante cycle.
The acceptable reporting format for the DRF is exclusively XBRL; restatements for years 2015-2022 included, will still be accepted in both Excel and XBRL formats.
For the year 2023, only in XBRL; deadline for restatements is Dec. 31, 2024.
If information isn't provided, SRB may use estimates/its own assumptions to calculate the annual contribution or assign to the institution the highest risk adjusting multiplier.
The XBRL file should be produced using the updated SRF taxonomy (100001) in line with SRB's publication re technical documentation; DRF Template in a single zip file.
Effectiveness
Institutions are requested to submit the DRF through the Resolution Contributions project through MLT FSA’s LH Portal by not later than Jan. 10, 2025.
