Early reporting
The Early Reporting System (ERS) is an interim solution, designed for firms to submit their new Capital Requirements Directive (CRD) returns until the implementation of the new strategic reporting system (MER) in the second half of 2008.
Mandatory Electronic Reporting (MER)
Early Reporting System (ERS)
Use the system to submit your new CRD returns.
Early Reporting: Frequently asked questions
Firm Contact Centre opening hours
The normal opening hours of the Firm Contact Centre are from 9am to 5pm from Monday to Friday.
You can contact the Firm Contact Centre at fcc@fsa.gov.uk or by telephoning 0845 606 9966 (call rates may vary).
Important notes: [Updated August 2008]
- FSA003: Capital Adequacy Form - [Data Element 108A].
The undermentioned guidance is provided in light of a review of the FSA003's so far submitted to the FSA and queries from a couple of firms regarding whether data element 108A should be left blank where a firm has not yet agreed an Individual Capital Guidance (ICG) with the FSA.
Banks and Building Societies:
The FSA's view is that Banks and Building Societies should use their interim ICG until a final ICG is agreed. Whilst the FSA has not not written to each bank and building society with an individual figure, we provided a formula which would enable them to calculate this figure. Banks and building societies were asked to confirm to the FSA what the result of this calculation was. If this has not been done and/or a final figure has not been agreed, they should use the formula to calculate their ICG in the interim.
Investment Firms:
In the case of investment firms, if an ICG has not been agreed they should leave data element 108A blank.
- Please note that the automated password reset functionality on the Early Reporting system is currently unavailable. If you need to reset your password, please contact the Firm Contact Centre on 0845 606 9966 (call rates may vary).
Important changes to the FSA028 (Non EEA sub-group)
The content of the FSA028 (Non EEA sub-group) is changing and is due to take effect for reporting period end dates 30 June 2008 onwards. The main changes affect the filter questions at the beginning of the data item, which allows a firm to indicate whether it is the lead firm in a non-EEA sub-group, for the purposes of reporting on capital and large exposures.
From 1 July 2008, you will be required to submit the revised FSA028 (Non EEA sub-group) using GABRIELLA until GABRIEL goes live on 26 August 2008.
For reporting period end dates prior to 30 June 2008, you should continue to download the data item from the Early Reporting System (ERS) and continue to submit via the ERS.
We will be writing to certain firms who have been submitting the FSA028 (Non EEA sug-group) with further details. If you are uncertain on how the reporting changes affect your firm, please speak to your normal supervisory contact at the FSA or get in touch with the FSA Customer Contact Centre on 0845 606 9966 or at fcc@fsa.gov.uk. See frequently asked questions regarding GABRIELLA.
Bulletin
We have published a bulletin that focuses on the reporting requirements for the Capital Requirements Directive, which are due to change in January 2008, and the collection of this data via the Early Reporting System.
Reporting news - Issue1 [PDF]
What is Early Reporting?
Since January 2007 credit institutions and certain investment firms subject to the new rules under CRD have been required to submit new CRD returns FSA009 (Key Data) and if applicable FSA028 (Non EEA Sub Group) via the ERS system.
From 1 January 2008 the FSA003 (Capital Adequacy) will replace the FSA009 (Key Data). The last reporting period end date for the FSA009 (Key Data) is 31 December 2007. The first reporting period end date for the FSA003 (Capital Adequacy) is 1 January 2008.
In addition, from 1 January 2008 CRD impacted firms will also be required to submit the FSA004 (Credit Risk) and FSA011 (Building Society Liquidity) as applicable.
For more information on what to report in 2008 see Reporting updates.