Publication of the Grand-ducal Regulation of 15 December 2016 introducing certain derogations to standardised layouts of the balance sheet and profit and loss account
The CSSF draws attention to the publication of this grand-ducal regulation the purpose of which is, notably, to reintroduce, for certain categories of undertakings, the derogations to the standardised layouts of the balance sheet and profit and loss account laid down in the TCR Law and which were repealed by the Law of 30 July 2013 reforming the Commission des normes comptables¹. The undertakings concerned are those which are not subject to the standardised collection of financial data (via the eCDF platform) and which are also exempted from depositing account balances of the Standard Chart of Accounts (SCA). In particular, the categories of undertakings concerned are those subject to the layouts of annual accounts laid down in the TCR Law and which fall under the prudential supervision of the CSSF, except the support PFS (which are subject to the eCDF and the SCA).
The undertakings concerned are now at liberty to benefit from the adaptation measures for their balance sheet and profit and loss account layouts as from the financial year closing on 31 December 2016.
The Grand-ducal Regulation of 15 December 2016 was published in the Mémorial on 21 December 2016 and may be downloaded from the Legilux website under: http://data.legilux.public.lu/file/eli-etat-leg-memorial-2016-265-fr-pdf.pdf
¹ The Law of 30 July 2013 reforming the Commission des normes comptables and amending various provisions relating to accounting and annual accounts of firms as well as to consolidated accounts of certain types of companies and amending:
(1) Title II of Book I of the Commercial Code;
(2) Title II of the Law of 19 December 2002 concerning the trade and companies register, as amended, as well as the accounting and annual accounts of companies;
(3) Section XVI of the Law of 10 August 1915 on commercial companies, as amended.