Regulatory Alerts2023-03-20
Added · Updated
CSSF Circular 23/830 Clarification on Public Disclosure Framework for Credit Institutions and CRR Investment Firms
Circular CSSF 23/830 repeals Circulars 15/605, 17/673, and 18/676 with immediate effect to align with Commission Implementing Regulation (EU) 2021/637. It amends the scope of Circular CSSF 20/751 to require listed small and non-compliant institutions and other non-listed institutions to disclose non-performing and forborne exposures, while excluding large and other listed institutions covered by the ITS. Credit institutions with a gross non-performing loan ratio of 5% or above must apply additional disclosure templates. The circular applies immediately to all credit institutions and CRR investment firms.
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