FAQ on the revised long form report framework introduced by Circulars CSSF 22/821 and 22/827

Following the introduction of the revised long form report and the entry into force of Circulars CSSF 22/821 and 22/827, these FAQ aim at clarifying certain elements of the self-assessment questionnaire (“SAQ”) as well as other aspects of the new framework.

Since the publication of Circulars CSSF 22/821 and 22/827, the CSSF has received questions from credit institutions and branches of credit institutions to which the revised framework applies. As some of the questions received may be of interest for other entities as well, the CSSF has decided to make these questions and answers public.

The FAQ will be regularly updated as required.