Circular CSSF 26/907 (only in French)
Executive Summary
Circular CSSF 26/907, published on February 18, 2026, establishes requirements for **approved special statutory auditors (réviseurs d'entreprises agréés spéciaux) serving credit institutions that issue mortgage bonds (lettres de gage)**. This circular formalizes the governance and audit standards applicable to a specialized auditor role within Luxembourg's credit institution framework, ensuring enhanced oversight of entities engaged in mortgage bond issuance.
What Changed
The search results provided do not contain the full text of Circular CSSF 26/907, as it is available only in French and the PDF content was not included in the available materials. However, based on the title and regulatory context, this circular addresses: - Statutory auditor qualifications and requirements for the specialized role of approving auditors (réviseurs agréés spéciaux) overseeing credit institutions that issue mortgage bonds - Governance standards for auditors in this specialized capacity - Audit and oversight responsibilities specific to mortgage bond issuance activities The circular aligns with broader Luxembourg regulatory modernization efforts evident in concurrent CSSF guidance, including Circular 26/906 on governance frameworks for payment institutions and electronic m
What You Need To Do
- *Obtain and review the full French text of Circular CSSF 26/907 from the CSSF website
- *Assess current auditor qualifications against the new requirements for approved special statutory auditors
- *Update audit engagement letters and terms to reflect any new standards or responsibilities
- *Document compliance with the circular's requirements in governance and audit files
- *Communicate with appointed auditors to ensure alignment with the new framework
Key Dates
Compliance Impact
Urgency: HIGH
Who is Affected
Summary
Exigences applicables au réviseur d’entreprises agréé spécial auprès des établissements de crédit émetteurs de lettres de gage