DATE: July 23rd, 2018 at 2:00 p.m. CEST (GMT+2:00)
As with other regulations coming in the aftermath of the global financial crisis of 2008-09, the occupational pensions sector will be soon subject to the IORP II Directive. The directive’s scope is broad and will have far-reaching impacts across the organisation, with significant potential for challenge and disruption. With the IORP II implementation deadline set for January 12th 2019, the countdown has begun for the workplace pension funds to get ready for this operational change. The on-time execution requires rigorous and early preparation. Understanding the requirements for the reporting of information at an early stage may be the biggest challenge when implementing the IORP II Directive.
Register for this free webinar and learn how your organisation will be affected
Listen to Michał Skopowski PhD, BR-AG’s Chief Business Advisor, who consults EIOPA in defining data models and XBRL taxonomies and learn more about:
- organization of reporting requirements
- application of DPM methodology to Pension Funds reporting requirements
- using DPM and XBRL taxonomy to ensure compliance
With the EIOPA’s XBRL submission requirements, it’s particularly urgent to draw the blueprint for the change in your business workflow for report generation, validation and submission.
From the filer’s point of view XBRL is a human-unreadable, computer format and cannot be effectively created and processed without the right software for validation and checking. BR-AG aims to simplify the IORP II reporting for businesses by assisting companies with limited or no XBRL knowledge. Our Regulatory Reporting Toolkit (RTK) allows the simple creation, editing, correcting, and validation of XBRL instance documents in order to implement harmonised reporting in compliance with regulatory standards. The high-performing engine of RTK enables for fast processing of multiple reports simultaneously, saving filers time and effort. There’s tremendous added value for a company to be equipped with reliable tools to make sure the reports get through without rejection or missing the submission deadline.Register for this Webinar