Regulatory Alerts2021-06-30
Added · Updated
Update of supervisory reporting requirements for credit institutions
Circular CSSF 21/774 amends Circular CSSF 14/593 by updating legal references to align with Implementing Regulation (EU) 2021/451, Implementing Regulation (EU) 2021/453, and Regulation (EU) 2021/943. The amendment maintains the minimum notification thresholds for large exposures at an individual level, requiring reporting for exposures greater than or equal to 10% of Tier 1 own funds or EUR 25 million for institutions, and EUR 12.5 million for other clients. Credit institutions are required to ensure data accuracy, comply with validation rules, and maintain internal control procedures for prudential information transmission.
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