Vendor needs to provide cloud-based data recording and reporting system. Support multiple taxonomy versions and streamline updates from supervisory authorities. Provide complete audit trails, error reporting and diagnostics for remediation. Transform the XBRL data into structured tables that are accessible for export or retrievable via API. Handle different reporting frequencies (e.g., quarterly, annual) and reporting scopes (e.g., large vs. small schemes). Robust technical controls, including firewalls, intrusion detection/prevention systems, and regular security patching. Use strong encryption for all data at rest and in transit to protect against unauthorized access. Maintain detailed, immutable audit trails of all activities within the system to enable comprehensive auditing and incident investigation.