Luxembourg
Country: Luxembourg
Status: Full Jurisdiction
Jurisdiction Name : xbrl.lu
Website : http://www.xbrl.org/lu
Membership Count: 22
IFRS Adoption for Public Companies: Required for all domestic listed companies
XBRL PROJECTS OVERVIEW:
| XBRL Luxembourg | Development |
JURISDICTION MEMBERSHIP:
| Association des Banques et Banquiers Luxembourg, a.s.b.l. -(ABBL) |
| Association Luxembourgeoise des Fonds d’Investissements,a.s.b.l. – (ALFI) |
| Associations des Compagnies d’Assurances, Luxembourg asbl (ACA) |
| Banque Centrale du Luxembourg, Etablissement Public |
| CETREL S.C. |
| Commissariat aux Assurances – (CAA) |
| Commission de Surveillance du Secteur Financier, Etablissement Public – (CSSF) |
| Conceptware S.a r.l. |
| Deloitte Consulting S.ar.l. |
| FERNBACH-Software S.A. |
| Financial Communication Consult,S.ar.l – (F2C) |
| FRS Luxembourg, S.A. |
| IBM Belgium S.A. (Siege de Luxembourg) |
| Imprimerie Centrale S.A. |
| Infeurope S.A. |
| Institut des Reviseurs d’Entreprises, association professionnelle – (IRE) |
| KPMG Advisory S.ar.l. |
| Ordre des Experts Comptables, (OEC) |
| PriceWaterhouseCoopers s.a.rl. |
| Service Central de la Statistique des Etudes Economiques – (STATEC) |
| Societede la Bourse de Luxembourg S.A. |
| UBI Banca International S.A. |
CSSF (Banking Supervisor) has developed the Luxembourg COREP and FINREP taxonomies. The COREP/FINREP reportings are mandatory as from 1st January 2008. The BCL (Luxembourg Central Bank) is currently defining a taxonomy which will be mandatory for non-monetary investment funds reporting 2010 onwards. A first step of this project has been taken by switching to an XML based reporting in January 2009.
STATEC, the national statistical institute of Luxembourg, is finalizing the taxonomy for annual accounts filing which should go live in 2012 (collection of 2011 accounts). The required legal framework is currently put into force. The Information campaign as well as the training processes will strart in 2010 and intensified in 2011. This taxonomy is to cover the needs of the Central Office for Balance Sheets and the Companies’ Register as well. The Insurance sector is considering implementing XBRL taxonomies in their oncoming reporting projects.
