donderdag 31 juli 2014

Update on Data Point Model and XBRL taxonomy design

The European Insurance and Occupational Pensions Authority (EIOPA)
publishes an update on the Data Point Model (DPM) and XBRL taxonomy
design.

Indications about those parts that have been updated are provided in the
"Release Notes" and "The Taxonomy Framework Architecture
Documentation".

In addition, EIOPA publishes a "Test Instance Release Package". It
contains a set of test cases allowing to conduct a practical check of
different elements of the XBRL Taxonomy.

EIOPA strongly recommends undertakings and software vendors to base their
work only on the most recent version of the Data Point Model and XBRL
taxonomy. The previous versions published by EIOPA are considered as
outdated.

Further major releases of the Preparatory Solvency II DPM and XBRL Taxonomy
are not foreseen, unless outstanding issues are detected. Hotfixes will be
released to solve potential minor issues.

Harmonised EU-wide reporting formats are crucial to ensure a consistent
implementation of European regulatory and supervisory frameworks to
support EIOPA's goal to improve the consistency and efficiency and
consistency of the supervision of financial institutions practices across
Europe.

Principles, rules and design approaches used in the current publication are
still under consideration and subject to further changes.

To contact EIOPA about information published in this section please use the
dedicated e-mail address: xbrl{at}eiopa.europa.eu (Link:
xbrl@eiopa.europa.eu )

Click here (Link:
https://eiopa.europa.eu/publications/solvency-ii-reporting-format/index.html
)to access the relevant page at EIOPA website.


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