In its Communiqué of 23 March 2020 on the
subject of regulatory reporting in the context of the COVID-19
crisis the CSSF asks supervised entities to perform their
regulatory reporting when it is due but also offers some
leniency.
The CSSF indicates that if for operational reasons supervised
entities experience difficulties in preparing or validating their
CSSF reporting due to staff not being available, for example
because they work remotely without having full access to all
systems, they should contact it through their usual channels as
soon as possible and ahead of reporting deadlines. The CSSF also
says that during the COVID-19 crisis it will not apply a strict
enforcement policy with regard to reporting if delays are duly
justified. It also specifies that the leeway it applies will be
closely coordinated with national authorities, the ESAs as well as
the European Central Bank.
