Circular CSSF 19/715 is a CSSF circular, published 10 April 2019. Subject: Update of Circular CSSF 14/593, as amended by Circulars CSSF 15/613, 15/621,16/640, 17/663, 18/678 and 18/685, on supervisory reporting requirements applicable to credit institutions.
\nRelevant for: Credit institutions.
\nIn case of discrepancies between the French and the English text, the French text shall prevail
\nLuxembourg, 10 April 2019
\nTo all credit institutions
\nRe:
\nUpdate of Circular CSSF 14/593, as amended by Circulars CSSF 15/613, CSSF 15/621, CSSF 16/640, CSSF 17/663, CSSF 18/678 and CSSF 18/685 on supervisory reporting requirements applicable to credit institutions
\nLadies and Gentlemen, 1. This circular amends Circular CSSF 14/593, as amended, by adding the latest developments in reporting requirements. 2. The amendment concerns: • Update of the section on the quality of the prudential information following the implementation of a test environment for the reporting tables as from 1 January 2019. 3. Circular CSSF 14/593 is amended in accordance with the annex to this circular. The annex in question includes the changes brought by this circular to Circular CSSF 14/593 in tracked changes in order to make the reading and comprehension easier. Yours faithfully, COMMISSION de SURVEILLANCE du SECTEUR FINANCIER
\nClaude WAMPACH
\nFrançoise KAUTHEN
\nClaude MARX
\nAnnex Luxembourg, 10 April 2019
\nDeleted: 15 March 2018
\nTo all credit institutions
\nCircular CSSF 14/593 as amended by Circulars CSSF 15/613, 15/621, 16/640, 17/663, 18/678, 18/685 and 19/715
\nDeleted: and Deleted: 18/685
\nRe: Supervisory reporting requirements applicable to credit institutions Ladies and Gentlemen, 1. The purpose of this circular is to remind and inform credit institutions of recent and future developments regarding supervisory reporting. I) APPLICABLE REPORTING TABLES 2. The European Commission published on 28 June 2014 in the Official Journal of the European Union, Commission Implementing Regulation (EU) No 680/2014 of 16 April 2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (hereinafter, the \"CRR\"). Implementing Regulation (EU) No 680/2014 entered into force on the day following its date of publication and is directly applicable in the EU Member States without transposition into national law. Amendments to Implementing Regulation (EU) No 680/2014 are published in the Official Journal of the European Union. A list of the amendments to Implementing Regulation (EU) No 680/2014 is published for information purposes in the document “reporting requirements for credit institutions” by the CSSF. Implementing Regulation (EU) No 680/2014, as amended (hereinafter \"ITS Regulation\"), lays down uniform requirements in relation to supervisory reporting (hereinafter \"common European reporting\"), in accordance with the requirements of the CRR, for the following areas: • own funds requirements and financial information (Article 99 of the CRR); • losses stemming from lending collateralised by immovable property (Article 101(4)(a) of the CRR); • large exposures and other largest exposures (Article 394(1) of the CRR); • leverage ratio (Article 430 of the CRR); • liquidity coverage requirements and net stable funding requirements (Article 415 of the CRR); • asset encumbrance (Article 100 of the CRR). Deleted: 18/678
\nThe common European reporting, except for the requirements on financial information, shall be drawn up on an individual basis and, where appropriate, on a consolidated basis, as defined in the CRR. Financial information shall be drawn up on a consolidated basis: • by all credit institutions that prepare their consolidated accounts in conformity with the International Accounting Standards (IFRS) (Article 99(2) of the CRR), except for the credit institutions referred to in the Q&A 2013_119 published by the EBA and • by all the other credit institutions subject to prudential supervision by the CSSF on a consolidated basis in accordance with Article 99(3) of the CRR.
\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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