New eDesk procedure – IPU Threshold monitoring

(for credit institutions)

From 1 March 2024, the CSSF will start collecting IPU (Intermediate Parent Undertaking) Threshold monitoring reports from credit institutions (subsidiaries and branches) belonging to third-country groups (TCGs), on behalf of the European Banking Authority (EBA). The purpose of this reporting is to check, on the basis of the total assets of third-country groups in the European Union, whether or not the threshold for establishing an IPU has been exceeded. The reporting is in XBRL format (see taxonomy established by the EBA). The Q4 2023 report has to be submitted through one of the following means by 12 May 2024 cob:

  • XBRL file deposit in the dedicated eDesk procedure,
  • via an API solution (S3 protocol), allowing for automation.

A user guide providing details on how to fill and submit the report is available on eDesk.