Circular CSSF 19/710 is a CSSF circular, published 25 February 2019 and updated 12 December 2019. Subject: Update of Circular CSSF 15/602 on the documents to be submitted on an annual basis by credit institutions. It was repealed by Circular CSSF 19/731.
\nRelevant for: Credit institutions.
\nIn case of discrepancies between the French and the English text, the French text shall prevail.
\nLuxembourg, 25 February 2019
\nTo all credit institutions
\nRe: Update of Circular CSSF 15/602 on the documents to be submitted on an annual basis by credit institutions
\nLadies and Gentlemen, The purpose of this circular is to amend Circular CSSF 15/602 on the documents to be submitted on an annual basis by credit institutions. The amended circular provides further details on the reporting for branches of credit institutions authorised in another Member State for the subjects on which the CSSF maintains a control responsibility as host authority. Entry into force and various provisions The changes brought to Circular CSSF 15/602 come into force with immediate effect. Yours faithfully, COMMISSION de SURVEILLANCE du SECTEUR FINANCIER
\nClaude WAMPACH
\nMarco ZWICK
\nJean-Pierre FABER
\nAnnexe
\nTo all credit institutions
\nRe:
\nDocuments to be submitted on an annual basis
\nLadies and Gentlemen, By means of Circular CSSF 14/596 we informed you that the CSSF has decided to abolish the VISA procedure for the published annual accounts for all credit institutions (significant and less significant). The purpose of the present circular is to expose the new practices concerning the various documents to be submitted on an annual basis. Different situations may be distinguished: 1. Significant institutions 2. Less significant institutions 3. Branches of EU credit institutions authorised in another Member State 4. Branches of third-country non-EEA credit institutions
\nMore information can be found in the document called “Guide to banking supervision” accessible on the following link: https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssmguidebankingsupervision201409en. pdf
\n1.1. Documents to be submitted two weeks prior to the Ordinary General Meeting: -
\nthe short-form report on annual accounts including particularly the statutory auditor’s external auditors opinion, the annual accounts, related explanatory annexes, the management report;
\nif the accounts are published in Lux-GAAP, a report on the reconciliation between the FINREP prudential reporting and the published annual accounts;
\nthe proposed allocation of results (if not included in the short-form);
\nthe list of the members of the Board of Directors in office during the financial year.
\n1.2. Documents to be submitted by 310 March at the latest: -
\nthe ICAAP report (in accordance with Circular CSSF 07/301, as amended);
\nthe summary report drawn up by the internal auditor (in accordance with Circular CSSF 12/552, as amended);
\nthe annual summary report of the compliance officer (in accordance with Circular CSSF 12/552, as amended);
\nthe summary report of the risk control function (in accordance with Circular CSSF 12/552, as amended);
\nconfirmation by the authorised management of compliance with the Circular CSSF 12/552 as amended by Circulars CSSF 13/563 and CSSF 14/597 (central administration, internal governance and risk management), by way of a single written sentence followed by the signatures of all the members of the authorised management 2;
\nThe text above is the opening of the document; the PDF carries the whole.
\nDocument page, PDF. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.
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