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73. Can an entity submit the new ACR before it has submitted its Transaction Level Report (TLR)?

FAQ Question

73. Can an entity submit the new ACR before it has submitted its Transaction Level Report (TLR)?

FAQ Answer

No, entities must complete and submit their TLR before they can submit the new ACR. There are data fields in the new ACR whose value is based on information in the TLR, so the TLR must be submitted and certified for those new ACR data fields to be populated with values.