Circulaire CSSF-CPDI 23/36

The CSSF published Circular CSSF-CPDI 23/36, which aims to amend Circular CSSF 13/555 pertaining to the implementation of a decision made by the Board of Directors of the AGDL.
The objective of the amendment is to introduce a SCV file within the framework of the deposit guarantee and include a new field that records depositors‘ national identification number. Additionally, the present circular provides further clarifications on identifying beneficiaries of omnibus accounts and emphasizes that the SCV procedures should fall under the scope of the internal audit function.
The introduction of the BRRD Law in 2015 necessitates the update of outdated terms such as AGDL. Instead, the circular now refers to either the FGDL or the CPDI. However, the principles and practices outlined in Circular CSSF 13/555 have been maintained as much as possible during this amendment.
All modifications are presented in the amended version of Circular CSSF 13/555 using track changes. With the exception of the addition of a 17th column to the SCV file, all amendments came into force upon the publication of this circular on 23 May 2023. The inclusion of the 17th column in the SCV file will come into force on 1 September 2023.