Yes, RegConnect supports all reports, for all APRA regulated industries, in both D2A and APRA Connect.
RegConnect has been designed as a lightweight "ready to use" software that can be downloaded on the users desktop or laptop. Once downloaded, RegConnect is ready to use for validation of data as well as conversion of files into a suitable format for automated upload on to Regulator's platform.
RegConnect performs all validations that are defined and published by the Regulator. These include mandatory validations that must be addressed prior to upload of data as well as confirmation validations that require entities to supply explanations to the Regulator as part of submission. RegConnect also ensures that data being submitted alignes to XML/XBRL standard (where Regulator accepts XML/XBRL files). This involves checking format of data, ensuring data is as per drop down lists etc.
RegConnect is always kept up-to-date with the latest version of the taxonomy released by regulators. Users can update to the latest version of taxonomy through the taxonomy import function (no IT involvement required).
RegConnect supports all regulatory taxonomies. Taxonomies are mostly defined using XBRL standards. eXtensible Business Reporting Language is a software standard that was developed to improve the way in which financial data is communicated, making it easier to compile and share this data. Notably, eXtensible Business Reporting Language is an implementation of XML (extensible markup language), which is a specification that is used for organising and defining data online. Many Regulators around the world have started adopting this standard for exchange of financial data between Regulators and the Industry. RegConnect is compliant with this standard. For more information : https://www.xbrl.org/
APRA's taxonomies are defined through XBRL and XML.