ARTICLE · 15 APRIL 2024

New CSSF Circular Simplifying Reporting Linked To The Long-Form Report And New Submission Deadline For Management Letter

DLA Piper

This newsflash highlights the features of the new Circular CSSF 23/845 that is relevant for credit institutions incorporated under Luxembourg law,1 including their branches...

LuxembourgAccounting and Audit

Laurent Massinon

Christina Nickel

This newsflash highlights the features of the new Circular CSSF 23/845 that is relevant for credit institutions incorporated under Luxembourg law,¹ including their branches, and Luxembourg branches of third-country credit institutions (Institutions). It significantly simplifies the reports that approved statutory auditors provide according to Circular CSSF 22/821 and Circular CSSF 22/826.

On 15 November 2023, the CSSF² published Circular 23/845³ applying to the Institutions as from 31 December 2023. It amends Circular CSSF 22/821 on the long-form report (LFR)⁴ by incorporating important industry feedback. The amendments include:

aligning the self-assessment questionnaire (Self-Assessment Questionnaire or SAQ) Institutions submit with supervisory focus; and

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New CSSF Circular Simplifying Reporting Linked To The Long-Form Report And New Submission Deadline For Management Letter

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