Circular CSSF-CPDI 23/36 is a CSSF circular, published 22 May 2023 and updated 8 May 2026. Subject: Amendment to Circular CSSF 13/555. The CSSF marks it as outdated.
\nLegal basis: Law of 18 December 2015 on the resolution and liquidation of banks and investment firms.
\nRelevant for: Credit institutions.
\nKeywords: Deposit Guarantee Schemes, Depositor and Investor Protection Board (CPDI), Luxembourg Deposit Guarantee Fund (FGDL).
\nIn case of discrepancies between the French and the English text, the French text shall prevail.
\nCircular CSSF-CPDI 23/36 Re : Amendment to Circular CSSF 13/555
\nLuxembourg, 22 May 2023
\nLadies and Gentlemen, The objective of this circular is to amend Circular CSSF 13/555 on the
\nTo the members of the Fonds
\nimplementation of the decision made by the Board of Directors of the Association
\nde garantie des dépôts
\npour la Garantie des Dépôts, Luxembourg (AGDL) to introduce a \"Single
\nLuxembourg
\nCustomer View\" file within the framework of the deposit guarantee in order to add a new field to the SCV file which shall record the depositors’ national identification number. Further clarifications concern the need to identify the beneficiaries of omnibus accounts and the requirement that the SCV procedures be in scope of the internal audit function. The introduction of the Law of 18 December 2015 on the failure of credit institutions and certain investment firms (Law of 2015) requires updating the use of obsolete terms such as AGDL by referring to either the Fonds de garantie des dépôts Luxembourg (FGDL) or the Conseil de protection des déposants et des investisseurs (CPDI). However, the principles and practices of Circular CSSF 13/555 have been maintained as far as possible. All modifications are presented in the amended version of Circular CSSF 13/555 as “track changes”. All amendments, except for addition of a 17th column to the SCV file, will enter into force on the date of publication of this circular. The addition of the 17th column to the SCV file shall enter into force on 1 September 2023. Yours faithfully, COMMISSION DE SURVEILLANCE DU SECTEUR FINANCIER Conseil de protection des déposants et des investisseurs
\nOn behalf of the CPDI Claude WAMPACH Chair of the CPDI
\nAnnex: Luxembourg, 8 January 2013 To the institutions which are FGDLAGDL members authorised to carry out business of taking deposits or other repayable funds from the public (banks, Luxembourg branches having their registered office in a third country, Entreprise des postes et télécommunicationsPOST Luxembourg)
\nRe:
\nRequirement of members of the Fonds de garantie des dépôts Luxembourg to implement and maintain a Single Customer View file Implementation of the decision made by the board of directors of the Association pour la Garantie des Dépôts, Luxembourg (AGDL) to introduce a \"Single Customer View\" file within the framework of the deposit guarantee
\nLadies and Gentlemen, This circular is intended for credit institutions governed by Luxembourg law, Luxembourg branches of credit institutions having their registered office in a third country, as well as the Entreprise des postes et télécommunicationsPOST Luxembourg, due to the financial postal services it provides (hereinafter \"credit institutions\" or \"banks\"), all members of the Association pour la Garantie des Dépôts, LuxembourgFonds de garantie des dépôts Luxembourg (\"AFGDL\") for the purpose of guaranteeing the deposits made with them by natural or legal persons. The AGDL played a key role in the compensation of retail depositors with credit institutions which had to be liquidated or had to find a purchaser during 2008 and 2009. While noting the success of its interventions to date, the AGDL believes, however, that an improvement of the processes, procedures and rules under which it acts, is not just possible but also required.
\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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