Regulatory Alerts2022-10-25
Added · Updated
Circular CSSF 22/821: Practical rules for the Long Form Report and statutory auditor self-assessment
This circular, applicable to Luxembourg credit institutions and Luxembourg branches of non-EU credit institutions, introduces a revised long form report framework. It requires institutions to annually complete a self-assessment questionnaire and to mandate their approved statutory auditors (REA) to prepare two annual separate reports: one on the protection of financial instruments and client funds, and another on anti-money laundering and countering the financing of terrorism (AML/CFT). The self-assessment questionnaire must be submitted within three months, and the REA reports within five months, after the financial year closure. This revised version applies from 31 December 2025, repealing Circular CSSF 01/27 and Circular IML 96/125.
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