Circulaire CSSF-CPDI 23/33

The CSSF published Circular CSSF-CPDI 23/33, serving to conduct a survey on deposits, particularly covered deposits, held by credit institutions incorporated under Luxembourg law, POST Luxembourg for its provision of postal financial services, and Luxembourg branches of credit institutions headquartered in a third country as of 31 March 2023.
Covered deposits and eligible deposits are defined in Article 163 of the BRRD Law, and the provisions of Circular CSSF-CPDI 16/02 must also be taken into account, particularly regarding exclusions of structures similar to financial institutions and omnibus account treatment. Accounts denominated in precious metals and virtual currencies do not constitute eligible deposits.
Members of the „Fonds de garantie des dépôts Luxembourg“ (FGDL) are required to complete a table attached to the circular, which can be found on the CSSF’s website, and submit it via E-File or SOFiE, adhering to specific naming conventions and inputting data in yellow fields only. The document must be in .xlsx format, and any errors or omissions should be reported to designated personnel. A member of the authorized management must review and approve the document before submission.
Data must be provided by FGDL members by 19 May 2023, reported at the level of their legal entity, including branches located in other Member States.