Circular CSSF-CPDI 26/51
Executive Summary
CSSF-CPDI 26/51 announces the **regular CPDI/Fonds de garantie des dépôts Luxembourg (FGDL) survey of covered deposits as at 30 June 2026**, to be completed by Luxembourg FGDL member institutions. This quarterly data collection feeds directly into the risk-based, ex‑ante contribution methodology under the deposit guarantee framework and is operationally important for prudential planning, reporting controls, and funding of the FGDL.
What Changed
- - CSSF launches a new covered deposits data survey with reference date 30 June 2026, continuing the established quarterly reporting cycle used for FGDL funding and risk-based contribution calculations.
- Credit institutions incorporated under Luxembourg law, POST Luxembourg (for postal financial services), and Luxembourg branches of credit institutions from third countries must report the stock of “covered deposits” at entity level, including deposit
- The survey must be submitted via the CSSF reporting channels (CSSF eDesk platform or other specified electronic means), using the data templates and technical specifications communicated by the CPDI, consistent with the format used for earlier quarte
- Institutions that are members of the FGDL must ensure alignment between the survey data and the definition of “covered deposits” under the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, including correct a
- The circular reaffirms that data reported for the survey feed into the risk‑based ex‑ante contribution mechanism set out in CPDI circulars on FGDL contributions (e.g. 20/21 and 25/48), so inaccuracies or late submissions can affect individual institu
- The survey maintains the quarterly reporting obligation for covered deposits, with a specific snapshot date (30 June 2026) and a short operational window for data extraction, validation, governance approval, and submission.
Suggested Considerations
- Apply the EUR 100,000 coverage cap per depositor for the survey and ensure that non‑eligible deposits (such as certain financial sector deposits or specific categories excluded under the 2015 Law) are correctly filtered out of the covered deposits figures.
- Reconcile the 30 June 2026 covered deposits data with internal finance, risk, and regulatory reporting systems to ensure consistency with other prudential data and FGDL contribution calculations.
- Arrange for the survey report to be reviewed and formally approved by the institution’s governing body or the designated senior manager responsible for deposit guarantee scheme reporting, documenting the approval and any key assumptions or methodological choices.
- Submit the completed 30 June 2026 covered deposits survey through the CSSF eDesk platform or other specified reporting channel within the deadline set by CSSF-CPDI 26/51 and any accompanying CPDI instructions.
- Retain detailed working papers, data extracts, and methodology documentation supporting the 30 June 2026 survey in order to evidence compliance to CSSF, facilitate internal audit review, and support future FGDL ex‑ante contribution calculations.
- Review any updates to CPDI or FGDL contribution circulars (including 20/21 and its amendments, and 25/48) to confirm that the covered deposits data collected as at 30 June 2026 are aligned with the latest risk‑based contribution methodology parameters.
Key Dates
Compliance Impact
Non-compliance with the 30 June 2026 covered deposits survey (late, incomplete, or inaccurate reporting) can trigger supervisory follow-up by the CSSF, impact the calculation of FGDL ex-ante contributions, and expose institutions to enforcement measures or reputational risk for weaknesses in deposit guarantee scheme reporting. Because covered deposits data underpin the adequacy of the deposit guar
Who is Affected
References
AI-generated analysis. May contain errors or omissions — verify with the original CSSF source before acting. Full disclaimer.
Summary
Survey on the amount of covered deposits held on 30 June 2026