Following the majority of the European National Authorities the Central Bank of Cyprus is adopting XBRL as the only and official reporting format for Regulatory Reports under the EBA (European Banking Authority) Framework.

The first set of reports to be submitted in XBRL are the Resolution Reports which also require the SRB (Single Resolution Board) Taxonomy Extensions (March/April 2020)

The remaining of the reports will follow for the June 30th 2020 submission reference period.

Prognosys FRCS fully supports the creation and validation of XBRL reports and we are ready to assist you in complying with this new Reporting Format now mandated by the CBC.

Central Electronic System of Payment Information

CESOP - The Central Electronic System of Payment Information comes into force on 1st Jan. 2024

Best Solution for Tax Compliance

FRCS has won the Best Solution for Tax Compliance Award

FRCS is now XBRL Certified

Prognosys Financial Reporter Compliance Suite is now XBRL Certified

Infonet Strategic Partnership

We are Proud to announce our Strategic Partnership Agreement with Infonet Systems Integration

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