The Central Bank of the Philippines issued guidance to all banks on submitting the updated Financial Reporting Package (FRP) and FRP-related prudential reports in Extensible Mark-up Language (XML) through the Prudential Reporting Innovation and Monitoring Engine (PRIME), with live use starting from the 30 June 2026 reference period. Banks will download the updated XML Schema Definition and related documentation from the PRIME Report Details module in the BSP Relationship Management System and submit generated XML files alongside scanned, signed Control Prooflists and Certification Forms via PRIME, including through the Report Submission module or machine-to-machine modality. The memorandum sets monthly and quarterly submission timelines (generally 15 banking days and 30 banking days after the reference period, respectively) for FRP filings and liquidity ratio certifications and notes that FRP version 15 remains the official submission until the 31 May 2026 reference period; FRP version 16 is available for testing in the BRMS Sandbox. On go-live, banks must discontinue separate submissions of the stand-alone Intraday Liquidity and Large Exposures reports, report Basel III leverage ratio schedules in absolute values, and expect strict enforcement of penalties for FRP version 16 reporting violations beginning with the 30 September 2026 reporting period.
Central Bank of the Philippines 2025-12-26
Central Bank of the Philippines sets PRIME XML submission rules for FRP version 16 prudential reports from June 2026
The Central Bank of the Philippines mandates banks to submit the updated Financial Reporting Package (FRP) and related reports in XML format via the Prudential Reporting Innovation and Monitoring Engine (PRIME) from the 30 June 2026 reference period. Banks must download the updated XML Schema Definition from the BSP Relationship Management System and submit XML files with signed Control Prooflists and Certification Forms through PRIME. The memorandum details submission timelines and enforces FRP version 16 from the 30 September 2026 reporting period, with penalties for non-compliance.