3.28 To minimise firms' reporting burden, the PRA has developed the proposed templates for the Notifications and Register to be aligned with one another. The PRA has developed the templates predominantly using the existing Register templates that have been used for previous PRA Outsourcing Register data collections as a basis. To provide consistency and reduce reporting burden on firms, the PRA has developed its proposed templates to be interoperable where possible with similar existing and future regimes, such as the EBA Outsourcing Guidelines and Article 28 of the EU's DORA.

3.29 The data that the PRA proposes to collect is summarised in Table 2 below. The full proposed template and guidance in Appendix 5. The proposed template features standardised data items which are underpinned by certain taxonomies to increase reporting efficiencies and limit free text fields. The PRA has aligned specific data fields and underpinning taxonomies between the incident reports and material third-party reporting templates to enable dataset interaction. This could support the PRA's identification of incident contagion where an incident originates at a third-party, and enable it to, where appropriate, alert other firms of these risks.

Table 2: Proposed data field categories to be collected