Regulatory Alerts2019-04-10
Added · Updated
Circular CSSF 19/715 — Update of Circular CSSF 14/593 on supervisory reporting requirements applicable to credit institutions
Circular CSSF 19/715 amends Circular CSSF 14/593 to update supervisory reporting requirements for credit institutions, specifically introducing a test environment for reporting tables effective 1 January 2019. The amendment requires credit institutions to verify arithmetic and qualitative accuracy, completeness, and compliance with validation rules prior to transmission, and mandates that the management ensure compliance with transmission deadlines. It also specifies that any failure to transmit prudential information by the deadline is subject to administrative penalties under Directive 2013/36 (CRD IV) and requires the retention of prudential information files for at least five years.
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