{"id":"circulars/cssf-18-686","title":"Circular CSSF 18/686","type":"circular","date":"2018-03-20","kind":"circular","html":"<p>Circular CSSF 18/686 is a CSSF circular, published 20 March 2018. Subject: Information on participating interests and subordinated loans.</p>\n<p>Relevant for: Credit institutions.</p>\n<h2>Text</h2>\n<p>In case of discrepancies between the French and the English text, the French text shall prevail.</p>\n<p>Luxembourg, 20 March 2018</p>\n<p>To all credit institutions</p>\n<p>Re: Information on participating interests and subordinated loans</p>\n<p>Ladies and Gentlemen, This circular follows Circular CSSF 18/685 and its purpose is to update table B 2.4 “Information on participating interests and subordinated loans” following the entry into force of IFRS 9 on 1 January 2018. 1. Update of table B 2.4 This circular does not aim to change the content of table B 2.4 relating to information on participating interests and subordinated loans, but to adapt the classification of portfolios of financial assets to the classification applied by IFRS 9. The information required in table B 2.4, as introduced by Circulars CSSF 07/316 and CSSF 07/331, thus remains unchanged. This circular provides for an update of table B 2.4 as well as the relevant instructions. 2. Frequency and date for the submission of table B 2.4 The frequency of table B 2.4 shall remain unchanged, i.e. on a quarterly basis, and the table is to be submitted on the dates set out in the appended instructions.</p>\n<ol start=\"3\">\n<li>Date of the first submission of table B 2.4 Table B 2.4, as amended by this circular, must be reported, for the first time, on the reference date of 31 March 2018. The date of 31 March 2018 for the submission of the table is extended as follows: table B 2.4 established as at 31 March 2018 must be submitted to the CSSF, together with table B 2.4 established as at 30 June 2018, on 11 August 2018 at the latest. 4. Procedure for sending table B 2.4 Table B 2.4, as amended by this circular, must be sent on the basis of the technical document “Schedule of conditions” and of the XBRL taxonomy used for sending table B 2.4, introduced in 2008 1, as published on the CSSF’s website in the section: Entity types/Credit institutions/ Prudential reporting for credit institutions/National reporting. The files to be transmitted must be encrypted according to the standards defined in Circular CSSF 08/334. Yours faithfully,</li>\n</ol>\n<p>Annexes</p>\n<p>As the structure of table B 2.4 remains unchanged, the XBRL taxonomy may continue to be used for the transmission of table B 2.4, as amended by this circular.</p>\n<p>The text above is the opening of the document; the PDF carries the whole.</p>\n<p><a href=\"https://www.cssf.lu/en/Document/circular-cssf-18-686/\" target=\"_blank\" rel=\"noreferrer\">Document page</a>, <a href=\"https://www.cssf.lu/wp-content/uploads/cssf18_686eng.pdf\" target=\"_blank\" rel=\"noreferrer\">PDF</a>. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.</p>"}