Regulatory Alerts2022-08-01
Added · Updated
CSSF Circular 22/819: Requests for Account Information under Article 14 of Regulation (EU) No 655/2014
As of 1 September 2022, banks must transmit and respond to European Account Preservation Order (EAPO) requests via the CSSF digital portal eDesk, requiring a LuxTrust-authenticated account. Banks are obligated to disclose whether a specific debtor holds an account and must adapt internal procedures to meet the time limits stated in the requests. The circular further specifies that notification to the debtor regarding the disclosure of personal data is deferred for 30 days to prevent jeopardizing the Preservation Order.
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