Regulatory Alerts2023-05-26
CSSF Circular 23/837: Application of EBA Guidelines on Data Collection for High Earners
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 23/837 to implement the European Banking Authority's Guidelines on data collection exercises regarding high earners. This circular mandates that supervised entities comply with the reporting requirements established under EBA/GL/2022/08 for Directive 2013/36/EU and Directive (EU) 2019/2034. Financial institutions must align their internal data collection and submission processes with these standardized regulatory frameworks to ensure consistent oversight of high earner remuneration.
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