Regulatory Alerts2022-12-22
Circular CSSF 22/825 — Data collection on inactive accounts and inactive safe deposit boxes
The Commission de Surveillance du Secteur Financier issued Circular 22/825 to mandate the collection of data regarding inactive accounts and inactive safe deposit boxes. This directive establishes specific reporting requirements for supervised entities to ensure accurate tracking and management of dormant financial instruments. The measure aims to enhance regulatory oversight and transparency within the financial sector by standardizing the identification of inactive assets.
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