RRD Weekly: 2 to 8 November 2026

CSSF LFR, FinCEN travel rule, EBA governance

Editor’s note

The week brought a new Luxembourg Long Form Report campaign, final EU and UK rules on governance and ESG ratings, and a withdrawn US travel rule proposal. The CSSF questionnaire matters most for Luxembourg credit institutions and their auditors, because it adds three new modules ahead of a 31 March 2027 submission date.

Five things

1. CSSF Long Form Report 2027: What the SAQ Asks of Banks and Auditors

   The CSSF opened the 2027 Long Form Report campaign, with a self-assessment questionnaire in eDesk that adds modules on mortgage credit, client asset protection and out-of-court complaints.

   Luxembourg credit institutions and their auditors · submission date 31 March 2027

   RRD explainer · Primary source

2. FinCEN Travel Rule Proposal Withdrawn: The $3,000 Threshold Stays

   FinCEN and the Federal Reserve Board are withdrawing the 2020 proposal to cut the travel rule threshold from $3,000 to $250, so the current threshold stays.

   US banks and funds transfer providers · withdrawal takes effect on 9 November 2026

   RRD explainer · Primary source

3. EBA Internal Governance Guidelines: Proportionality Without Exemptions

   The EBA published final revised internal governance guidelines, EBA/GL/2026/10, reflecting CRD VI and replacing EBA/GL/2021/05 once applicable.

   EU institutions and third-country branches · confirm with the competent authority before 11 January 2027

   RRD explainer · Primary source

4. FCA ESG Ratings Rules: PS26/22 Sets a 2027 Gateway and a 2028 Go-Live

   The FCA published final rules in PS26/22 that bring ESG rating providers into UK regulation.

   ESG rating providers serving UK users · regime goes live on 29 June 2028

   RRD explainer · Primary source

5. EIOPA RFR Technical Documentation: The 30 January 2027 Parameter Set

   EIOPA published updated RFR technical documentation, EIOPA-BoS-26-479, as guidance on the curves used under the reviewed Solvency II regime.

   Insurers and reinsurers in the EU · applies from 30 January 2027

   RRD explainer · Primary source

Dates to add to your calendar

The complete week

Luxembourg

• CSSF Long Form Report 2027: What the SAQ Asks of Banks and Auditors

United States

• Form 1042-S Reporting: Withholding Agents, Form 1042 and IRIS
• FinCEN Travel Rule Proposal Withdrawn: The $3,000 Threshold Stays
• FinCEN MEXC Global Order: Transmittals Barred 30 Days After Publication
• Form 13H Reporting: Large Trader Thresholds, the LTID and EDGAR
• Form 1099 Reporting: 1099-B, DIV and INT Deadlines and the IRIS Switch
• FR 2004 Reporting: Description Revised, July 2024 Forms Still Apply
• TRACE Reporting: The 15-Minute Clock for Corporate and Agency Bonds

European Union

• EBA Reporting Simplification ITS: Postponed to December 2027
• EIOPA RFR Technical Documentation: The 30 January 2027 Parameter Set
• EBA Internal Governance Guidelines: Proportionality Without Exemptions
• VOP Matching Recommendations v2.0: Character Sets and Joint Accounts
• E-Commerce Product Identifiers: EU Customs Enforces C127 to C129

United Kingdom

• FCA ESG Ratings Rules: PS26/22 Sets a 2027 Gateway and a 2028 Go-Live

France

• MiCA Knowledge and Competence: AMF Applies ESMA Criteria to CASP Staff

Switzerland

• FINMA Circular 2019/2 Consultation: Earnings Risk Gets an Outlier Test

Australia

• CDR Minimum Baseline Authentication: The Proposed April 2028 OTP Uplift

Hong Kong

• HKMA PQC Toolkit: 23 Workstreams, Four Tools and a 2028 Checkpoint
• Hong Kong CARF Bill: LegCo Resumes Debate Ahead of a 2027 Start
• Project Ensemble 24/7 Settlement: Ensemble TX Adds Tokenised CeBM

Other

• FMA Guidance 2017/19: MiFIR Reporting Moves to a REST Interface
• REP010 Reporting: The FCA’s Overseas Regulators and Organogram Return
• FATF Scam Compounds Report: Following Victim Money to Cash-Out
• VS Digital Template 2.0.0: EFRAG Replaces the VSME XBRL Toolkit
• REP017 Payments Fraud Report: UK Rules, Deadlines and Data Fields
• Digital Omnibus Incident Reporting: Council Picks National Entry Points
• Norges Bank Account Management Terms: 2027 Draft Retires Test Keys
• FIN074 Return: UK Revenue Reporting for the Economic Crime Levy

From the library

FINREP reporting, explained

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