The Central Bank of the Philippines has postponed the live submission of Financial Reporting Package version 16 by one year. Instead of applying from the report ending 30 June 2026, banks will now move to the updated version for the report ending 30 June 2027, giving them more time to prepare their staff, processes and systems. The deferral updates earlier guidance on submitting revised prudential reports in Extensible Mark-up Language through the Prudential Reporting Innovation and Monitoring Engine. Until Financial Reporting Package version 16 goes live, banks must continue to submit the Report on Intraday Liquidity and the Large Exposures Report separately.