The Regular Supervisory Report (RSR) is a confidential supervisory report submitted to national regulators. This guide covers best practices for RSR preparation and the associated XBRL requirements.
Key Takeaways
- RSR is confidential unlike SFCR
- More detailed than public disclosure
- Narrative and quantitative elements
- Submitted to national supervisor only
- Minimum every 3 years, more if required
RSR Overview
RSR characteristics:
• Confidential supervisory document
• Detailed governance information
• Comprehensive risk assessment
• Full quantitative reporting
• National regulator only
RSR provides supervisors with in-depth understanding of the undertaking.
Content Requirements
RSR sections:
• Business and performance (detailed)
• System of governance (comprehensive)
• Risk profile (full breakdown)
• Valuation for solvency (methods)
• Capital management (planning)
More detailed than SFCR equivalents.
Quantitative Elements
RSR quantitative data:
• Full QRT submission
• Additional supervisory templates
• National-specific templates (if applicable)
• Detailed breakdowns
XBRL format required for quantitative elements.
Preparation Process
RSR preparation: 1. Gather narrative inputs from business units 2. Compile quantitative data 3. Cross-reference with SFCR 4. Internal review and sign-off 5. Generate XBRL files 6. Validate comprehensively 7. Submit to supervisor
Submission Guidelines
RSR submission:
• Submit via national supervisor portal
• Include all required attachments
• XBRL files for quantitative data
• Narrative document (PDF/Word)
• Cover letter if required
Confirm specific requirements with your national supervisor.
Checklist
- RSR narrative drafted
- Business unit inputs collected
- Quantitative data compiled
- SFCR consistency verified
- Internal review completed
- XBRL generated and validated
- Supervisor requirements confirmed
- Submitted on time