Regulatory Alerts2018-06-13
Added · Updated
CSSF Regulation No 18-03 implementing discretions of Regulation (EU) No 575/2013 and ECB Guideline 2017/697 for less significant institutions
This regulation implements specific options and discretions under Regulation (EU) No 575/2013 and ECB Guideline 2017/697 for less significant credit institutions, CRR investment firms, and their Luxembourg branches. It mandates prior CSSF approval for including Additional Tier 1 and Tier 2 instruments in own funds and sets a risk weight of 1,250% for qualifying holdings exceeding defined thresholds. The text establishes materiality thresholds for past due exposures at EUR 500 for non-retail and EUR 100 for retail exposures, with a relative component set at 1%, and requires an outflow rate of 5% for trade finance off-balance sheet items. Additionally, it defines exemptions from large exposure limits and specifies criteria for major stock indices and level 2B assets for liquidity coverage ratio calculations.
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