Central Bank of Luxembourg Regulation 2018/N°25 of 23 July 2018 on the Withdrawal and Deposit of Euro-denominated Banknotes by Credit Institutions and Financial Services of the Post and Telecommunications Company

OFFICIAL JOURNAL
OF THE GRAND DUCHY OF LUXEMBOURG
MEMORIAL A
No. 604 of 23 July 2018
Central Bank of Luxembourg - Central Bank of Luxembourg Regulation 2018/N° 25 of 23 July 2018 concerning the withdrawal and deposit of euro-denominated banknotes by credit institutions and financial services of the Post and Telecommunications Company – Domain:
Statistics.
The Directorate of the Central Bank of Luxembourg; Having regard to the Treaty on the Functioning of the European Union, and in particular Articles 127(2) and 128(1); Having regard to Article 5.1 of the Statutes of the European System of Central Banks and of the European Central Bank; Having regard to ECB/2008/8 of the European Central Bank of 11 September 2008 on the collection of data concerning the euro and on the functioning of the monetary financial institutions statistical data system, as amended; Having regard to ECB/2010/29 of the European Central Bank of 13 December 2010 on the issue of euro banknotes, as amended; Having regard to Article 108bis of the Constitution; Having regard to the Law of 23 December 1998 on the monetary status and the Central Bank of Luxembourg, as amended by the Law of 24 October 2008, in particular Articles 2(1), 32 and 34(1); Considering the following:
(1) In the context of its tasks, the Central Bank of Luxembourg must have access to comprehensive and reliable statistics.
(2) The new collection system aims to:

• Monitor the withdrawal and deposit of euro-denominated banknotes
  Art. 1. Definitions
  For the purposes of this Regulation, the following definitions apply:

1. "Statistical reporting obligations to the Central Bank of Luxembourg": the statistical information that reporting agents are required to provide and which is necessary for the performance of the Eurosystem's tasks;
2. "Reporting agent": for the purposes of this Regulation, all resident credit institutions as well as the financial services of the Post and Telecommunications Company;
3. "Intermediary": for the purposes of this Regulation, credit institutions in the euro area as well as National Central Banks that are members of the Eurosystem;
4. "Credit institution": any legal person whose activity consists of receiving from the public repayable deposits or other funds and lending for its own account, as well as any other person qualified as a credit institution under Chapter 1 of Part I of the Law of 5 April 1993 on the financial sector, as amended;
5. "Financial services of the Post and Telecommunications Company": services of the Post and Telecommunications Company whose object is the provision of financial services, including the reception of deposits or other repayable funds from the public, in relation to postal cheques and transfers and current accounts associated therewith, as defined in the second part of the Law of 15 December 2000 on postal services and postal financial services;
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OFFICIAL JOURNAL of the Grand Duchy of Luxembourg MEMORIAL A - 604 of 23 July 2018 Art. 2. Information obligations to the Central Bank of Luxembourg Intermediaries inform the Central Bank of Luxembourg when they withdraw/deposit euro-denominated banknotes with the Central Bank of Luxembourg or another National Central Bank member of the Eurosystem on behalf of a credit institution and/or the financial services of the Post and Telecommunications Company. Art. 3. Statistical reporting obligations to the Central Bank of Luxembourg
1. Reporting agents transmit, monthly:
1.1 The name of the intermediary through which they withdrew/deposited euro-denominated banknotes with the Central Bank of Luxembourg or another National Central Bank member of the Eurosystem.
1.2 The details regarding the number of euro-denominated banknotes withdrawn/deposited with the Central Bank of Luxembourg or another National Central Bank member of the Eurosystem through an intermediary.
1.3 The name of the National Central Bank member of the Eurosystem, other than the BCL, with which they withdrew/deposited euro-denominated banknotes.
1.4 The details regarding the number of euro-denominated banknotes withdrawn/deposited with a National Central Bank member of the Eurosystem, other than the BCL, without the intervention of an intermediary.
2. Reporting agents are required to comply with the instructions detailed in the annexes to this Regulation.
Art. 4. Transmission methods
1. Reporting agents transmit the information required in Article 2 paragraphs 1 to 2 within a period of ten working days following the period to which they relate.
2. The Central Bank of Luxembourg publishes annually a calendar listing the specific dates on which statistical reports are to be submitted.
3. Reporting agents must use one of the electronic transmission methods described in Annex 2.
Art. 5. Use of data
The data collected are used for the purposes of the exercise of the tasks of the Central Bank of Luxembourg.
Art. 6. Sanctions
Without prejudice to other sanctions, the Central Bank of Luxembourg may make public any contravention of the provisions of this Regulation and inform the financial sector supervisory authorities. Art. 7. Entry into force This Regulation enters into force on the day of its publication. The first transmission of the information defined in Article 2 paragraph 1 relating to the period of December 2018 is to be transmitted by 15 January 2019. Art. 8. Publication
1. This Regulation is published on the website of the Central Bank of Luxembourg (www.bcl.lu).
It is also published in the Official Journal of the Grand Duchy of Luxembourg.
2. The Central Bank of Luxembourg publishes on its website (www.bcl.lu) a table listing the specific dates on which statistical reports are to be submitted.
3. This Regulation is supplemented by three annexes, regularly updated and published on the website of the Central Bank of Luxembourg (www.bcl.lu).

• Annex 1: Instructions S 1.12-L "Indirect withdrawal and deposit of euro-denominated banknotes through a third party"
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OFFICIAL JOURNAL of the Grand Duchy of Luxembourg MEMORIAL A - 604 of 23 July 2018

• Annex 2: Report S 1.12-L "Indirect withdrawal and deposit of euro-denominated banknotes through a third party"
• Annex 3: "Electronic transmission manual for statistical reporting by credit institutions"
  CENTRAL BANK OF LUXEMBOURG
  The Directorate
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