Circular CSSF 25/902
Executive Summary
Circular CSSF 25/902 repeals Circular CSSF 19/731 (as amended by Circular CSSF 19/710), which previously detailed annual document submission requirements for credit institutions, shifting to a dynamic list published on the CSSF website. This matters because it streamlines compliance by centralizing and updating requirements online, reducing reliance on static circulars while maintaining submission obligations. Credit institutions must transition to the new process to avoid disruptions in prudential reporting. #
What Changed
- Repeal of prior circulars: Circular CSSF 19/731 and its amendment via Circular CSSF 19/710 are fully repealed, eliminating the fixed list of annual submission documents. - Shift to website-based guidance: The updated list of required documents, affected entity categories, electronic submission channels, and deadlines is now published on the CSSF’s Prudential reporting for credit institutions webpage, including an interactive summary table for determining applicable submissions. - Ongoing obligations: The requirement to submit documents annually remains unchanged; only the reference source and potential content updates via the website are modified. #
What You Need To Do
- Review the CSSF Prudential reporting webpage (https
- Update internal reporting processes, templates, and workflows to reference the website instead of the repealed circular
- Confirm ongoing annual submissions via specified electronic channels; test interactive table for applicability to the institution's profile
- Archive references to Circular CSSF 19/731 in policies and train staff on the change
Key Dates
Compliance Impact
Urgency: Medium – The repeal does not alter core submission obligations but requires procedural updates to avoid non-compliance with potentially evolving lists under CRR3 alignments. It matters for operational efficiency, as failure to adapt could lead to missed deadlines or incorrect submissions, especially with website updates tied to EU regulations like Regulation (EU) 2024/1623 (CRR3, applicab
Who is Affected
Summary
Repeal of Circular CSSF 19/731 regarding the documents to be submitted on an annual basis by credit institutions.