Circular CSSF 22/823 is a CSSF circular, published 5 December 2022 and updated 6 December 2022. Subject: Update of Circular CSSF 14/593, as amended by Circulars CSSF 15/613, 15/621, 16/640, 17/663, 18/678, 18/685, 19/715, 19/729, 20/745 and 21/774, on supervisory reporting requirements applicable to credit institutions.
\nRelevant for: Credit institutions.
\nCircular CSSF 22/823 Update of Circular CSSF 14/593, as amended by Circulars 15/613, 15/621, 16/640, 17/663, 18/678, 18/685, 19/715, 19/729, 20/745 and 21/774 on supervisory reporting requirements applicable to credit institutions
\nCircular CSSF 22/823 Re: Update of Circular CSSF 14/593, as amended by Circulars CSSF 15/613, 15/621, 16/640, 17/663, 18/678, 18/685, 19/715, 19/729, 20/745 and 21/774 on supervisory reporting requirements applicable to credit institutions
\nLuxembourg, 5 December 2022
\nTo all credit institutions
\nLadies and Gentlemen, 1. This circular amends Circular CSSF 14/593, as amended, by adding the latest legal references and developments in reporting requirements. 2. The amendment consists of: -
\nthe abolition of table B 4.4 - List of head offices, agencies, branches and representative offices;
\nthe update of the instructions for table B 4.5 – Analysis of Shareholdings;
\nFrom
\nreporting
\nperiod
\n2022-12
\nonwards,
\nall
\nshareholders holding or controlling 10% or more of the parts or voting rights in a credit institution have to be reported, thus including now all indirect shareholders. (Up until reporting period 2021-12 only direct and ultimate shareholders had to be reported.) 3. Circular CSSF 14/593 is amended in accordance with the annex to this circular. The annex includes the changes introduced by this circular to Circular CSSF 14/593 in tracked changes in order to facilitate the reading and comprehension.
\nYours faithfully,
\nFrançoise KAUTHEN
\nClaude MARX
\nAnnex
\nCircular CSSF 14/593 as amended by Circulars CSSF 15/613, 15/621, 16/640, 17/663, 18/678, 18/685, 19/715, CSSF 19/729, 20/745,21/774 and 22/823 Re: Supervisory reporting requirements applicable to credit institutions
\nLuxembourg, 5 December 202229 June 2021
\nLadies and Gentlemen, 1.
\nThe purpose of this circular is to remind and inform credit institutions of recent and future developments regarding supervisory reporting.
\nTo all credit institutions
\nAPPLICABLE REPORTING TABLES 2.
\nThe European Commission published on 19 March 2021 in the Official Journal of the European Union, Commission Implementing Regulation (EU) 2021/451 of 17 December 2020 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,
\nthe
\n\"CRR\").
\nImplementing
\nRegulation
\n(EU)
\n(hereinafter, “ITS Regulation”) 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 the ITS Regulation 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) 2021/451, 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: •
\nown funds requirements and financial information (Article 99 of the CRR);
\nlosses stemming from lending collateralised by immovable property (Article 101(4)(a) of the CRR);
\nlarge exposures and other largest exposures (Article 394(1) of the CRR);
\nleverage ratio (Article 430 of the CRR);
\nliquidity coverage requirements and net stable funding requirements (Article 415 of the CRR);
\nasset encumbrance (Article 100 of the CRR).
\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.
\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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