Circular CSSF 19/726 is a CSSF circular, published 26 July 2019. Subject: Implementation of new annual and quarterly reporting for Institutions for Occupational Retirement Provision (the “IORP”) intended to the European Insurance and Occupational Pensions Authority (“EIOPA”), the European Central Bank (“ECB”), the BCL and the CSSF.
\nLegal basis: Law of 13 July 2005.
\nRelevant for: Pension funds.
\nLuxembourg, 25 July 2019
\nTo all institutions for occupational retirement provision supervised by the CSSF
\nCIRCULAR CSSF 19/726 Re: Implementation of new annual and quarterly reporting for Institutions for Occupational Retirement Provision (the “IORP”) intended to the European Insurance and Occupational Pensions Authority (“EIOPA”), the European Central Bank (“ECB”), the BCL and the CSSF
\nLadies and Gentlemen, The purpose of the present circular is to implement new annual and quarterly reporting in the regulatory framework applicable to Luxembourg domiciled institutions for occupational retirement provision subject to the law of 13 July 2005, as amended (the “Law of 2005”). The Decision dated 10 April 2018 of the Board of Supervisors on EIOPA's regular information requests towards National Competent Authorities (NCAs) regarding provision of occupational pensions information and the Regulation ECB/2018/2 of the European Central Bank of 26 January 2018 on statistical reporting requirements for pension funds introduced new reporting requirements applicable to IORPs in the Member states of the EU (the “Reports”). The reports will be used by EIOPA, ECB, BCL and the CSSF for statistical and supervisory purposes. EIOPA as well as ECB reports must technically be transmitted to the CSSF before delivery to EIOPA, respectively BCL. The aim of the present circular is to provide the IORPs supervised by the CSSF with the key principles, instructions and technical provisions for drawing up and submitting the Reports. 1. IORPs in scope of the reporting Every IORP within the meaning of Articles 5 and 25 of Law of 2005 must comply with the reporting as laid down by this CSSF circular. In order to use the EIOPA reports also for the purpose of its own statistical and prudential supervision, the CSSF does not make use of the option permitted by the EIOPA Decision to exempt under certain conditions the smallest IORPs from submitting the reports, thus every IORP on the official list and supervised by the CSSF must submit the reports. 2. Content of the Reports The reporting templates describing all information to be provided can be found under the following URL:
\nhttps://www.cssf.lu/en/legal-reporting-for-pension-funds/
\nFormat, Submission and Naming Convention of the Reports to the CSSF The CSSF requires that the reporting files are submitted electronically using exclusively one of the channels of transmission accepted by the CSSF. More detailed information on the transmission of the Reports via the accepted channels can be found under the following URL: https://www.cssf.lu/en/legal-reporting-for-pension-funds/
\nReference date The reference date for drawing up the Reports to be communicated by IORPs is the last calendar day of every end of quarter respectively end of year. 5.
\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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