Regulatory Alerts2023-05-26
Added · Updated
CSSF Circular 23/837: Application of EBA Guidelines on Data Collection for High Earners
The CSSF integrates the EBA Guidelines on data collection exercises regarding high earners into its administrative practice and regulatory approach. All credit institutions, CRR investment firms, and non-SNI IFR investment firms must comply with these Guidelines, which require the annual submission of information on individuals remunerated EUR 1 million or more per financial year. The data collection applies as from 31 December 2022 for the financial year ending in 2022, specifying how the CSSF collects this data from relevant institutions and submits it to the EBA.
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