XBRL and XML reporting for the CBI
This year, Irish fund service providers currently filing PRISM or FINREP will need to report in an XBRL or XML format.
The way firms report to the CBI is changing. In line with an increasing trend towards digital filings, certain returns will need to be reported in XBRL or XML format; computer readable languages which makes data faster to analyse.
Firms using web forms for FINREP and/or filing PRISM will be the first affected, and will need to convert their Excel templates into XBRL format and submit to the ONR.
At ARKK, we’ve supported 100’s of MiFID and fund service providers with their XBRL conversions via our secure, online platform since 2013. We are in regular contact with the CBI and will be supporting these filing requirements as soon as the timeline and taxonomies are confirmed.
In the meantime, if you’d like to find out more about updates from the CBI and how we can support your requirements, fill in the form today.