KPILegal, Risk & Compliance

Regulatory Reporting On-Time Rate

Percentage of mandatory regulatory submissions filed by the statutory deadline

What is Regulatory Reporting On-Time Rate?

Regulatory reporting on-time rate is the percentage of regulatory submissions filed by their deadline. It shows how reliably a utility meets its reporting duties to regulators.

Late or missing reports can lead to penalties and closer scrutiny, so high performance is expected.

How this KPI is measured

Function
Legal, Risk & Compliance
Sub-function
Regulatory Compliance
Industry
Energy & Utilities
Type
Lagging
Impact
Risk
Unit
%
Measurement frequency
Quarterly
Formula
(Regulatory submissions filed on time / Total due) × 100

How to calculate it

Divide regulatory submissions filed on time by total submissions due, and multiply by 100.

For example, if 58 of 60 submissions were filed on time, the rate is about 97%.

Keep a register of every reporting obligation with its deadline and owner, and record the reason for any late filing.

Where it is used

  • Meeting obligations

    Avoid penalties.

  • Managing workload

    Plan around deadlines.

  • Demonstrating control

    Show regulators and boards.

How to improve it

Tips and common mistakes

  • The target is effectively 100%.
  • Accuracy matters as much as timing.
  • Keep evidence of submission.

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