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	one reporting standard. As well this roll-out guide tries to promote the economies of scale for a better		one reporting standard. As well this roll-out guide tries to promote the economies of scale for a better
	adoption.<br />		adoption.<br />
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		+	=Scope=
		+
		+	=How to start with XBRL. Supervisory Perspective=
		+
		+	===Determine the level of XBRL adoption===
		+
		+	===Plan and prepare the new reporting models===
		+
		+	===Review existing reception infrastructure===
		+
		+	===Review internal information systems===
		+
		+	===Prepare the communication plan for Reporting Entities===
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		+	===Summary===
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		+	===European Framework background information===
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		+	===XBRL Standard extension Mechanism===
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		+	===Guideline on Extensions===
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		+	=Architecture, Methodology and Best Practices=
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		+	==Context for a Reference Architecture==
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		+	==Steps for implementation==
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		+	==XBRL Reference Architecture==
		+
		+	===Functional Architecture===
		+
		+	===Technical Architecture===
		+
		+	=Management and maintainability=

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Revision as of 10:20, 18 December 2013

CEN Workshop Agreement

Status: Approval Final Draft - Formal Vote

CEN WS CWA3 Convenor: Aitor Azcoaga (EIOPA)

CEN WS XBRL Experts: Pieter Maillard (Aguilonius), Pablo Navarro (Atos)

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Foreword

This document has been prepared by CEN/WS XBRL, the secretariat of which is held by NEN.

CWA XBRL 003 consists of the following parts, under the general title Improving transparency in financial and business reporting — Standard regulatory roll-out package for better adoption
— Part 1: XBRL Supervisory Roll-out Guide
— Part 2: XBRL Handbook for Declarers

This CWA is one of a series of related deliverables. The other deliverables are:

CWA XBRL 001 which consists of the following parts, under the general title Improving transparency in financial and business reporting — Harmonisation topics:
— Part 1: European data point methodology for supervisory reporting.
— Part 2: Guidelines for data point modelling
— Part 3: European XBRL Taxonomy Architecture
— Part 4: European Filing Rules
— Part 5: Mapping between DPM and MDM

CWA XBRL 002 Improving transparency in financial and business reporting — Metadata container

Introduction

This document is intended to provide guidelines to European regulators in the implementation and roll out of the reporting standard using XBRL across Europe.

The set of recommendations included in this document aim to facilitate the implementation of European National Supervisors to adopt XBRL in any of the reporting frameworks. The following sections will provide guidance on the use, understanding, preparation, and extension of their filings in eXtensible Business Reporting Language (XBRL).

This guidance is in the form of notes in association with the pertaining requirements clause and uses the terms “should” (recommendation), “may” (allowance) and “can” (possibility). Organizations wishing to implement this CWA would be expected to consider all recommendations where the term "should" is used.

COREP, FINREP (and Solvency II or other future) XBRL taxonomies are offered to European regulators for national implementation. The first releases (2006) of the COREP and FINREP XBRL frameworks have proven that a standardized technical roll-out package is needed to increase the adoption rate and avoid implementation variances, which have a detrimental effect on the overall cross-border effectiveness of using one reporting standard. As well this roll-out guide tries to promote the economies of scale for a better adoption.

Contents 1 Scope 2 How to start with XBRL. Supervisory Perspective 2.1 Determine the level of XBRL adoption 2.2 Plan and prepare the new reporting models 2.3 Review existing reception infrastructure 2.4 Review internal information systems 2.5 Prepare the communication plan for Reporting Entities 2.6 Summary 2.7 European Framework background information 2.8 XBRL Standard extension Mechanism 2.9 Guideline on Extensions 3 Architecture, Methodology and Best Practices 3.1 Context for a Reference Architecture 3.2 Steps for implementation 3.3 XBRL Reference Architecture 3.3.1 Functional Architecture 3.3.2 Technical Architecture 4 Management and maintainability

Scope

How to start with XBRL. Supervisory Perspective

Determine the level of XBRL adoption

Plan and prepare the new reporting models

Review existing reception infrastructure

Review internal information systems

Prepare the communication plan for Reporting Entities

Summary

European Framework background information

XBRL Standard extension Mechanism

Guideline on Extensions

Architecture, Methodology and Best Practices

Context for a Reference Architecture

Steps for implementation

XBRL Reference Architecture

Functional Architecture

Technical Architecture

Management and maintainability