CEDRS
CEDRS
CEDRS stands for Central Electronic Data Retrieval System. Announced early 2020, this new reporting obligation mainly target banks. U IT provides a solution with many key advantages.
CEDRS
- Project Overview
- Timeline
- Survey & Quote
- Visual Schemes
RGen CEDRS
Batched solution which converts raw data to the expected JSON format. We use the best of our knowledge & experience in automation to provide with a strong, adaptable & configurabe application.
RGen CEDRS
- Overview
- Visual workflow
SAPI CEDRS
New Secure Channel based on tight and high level secured transmission technics. Requires strong development skills and knowledge in the field - U IT target to offer the best solution on the market.
SAPI CEDRS
- Overview
- Visual workflow
CEDRS - Project Overview
This new reporting was officially announced early this year along with the law of 25 March 2020. The objective is to establish a central electronic data retrieval system related to IBAN accounts and safe-deposit boxes. A recent CSSF Circular (CSSF 20/747) was released end of July (and updated early September) where the technical requirements and format are described. Entities falling under the scope of this new law are mainly the banks.
Practically, this new reporting has uncommon characteristics which can be summarized by :
- Releasing a new Secure Chanel in Luxembourg, using the latest secured transmission technologies
- Daily reporting including week-ends (7/7days)
- Gathering IBAN accounts and safe-deposit boxes owner(s) information
- Tights delays for implementation
- High size of reports (for important institutions)
Altought the fact that a clear deadline was not given, the lone date actually referenced is the 10th September 2020. At U IT we assume this date has to be considered as a first step given to illustrate the importance of this new report's transmission. The CSSF will probably communicate soon with more information on the subject.
U IT responded to this new requirement and is currently working on the development of a solution based on 2 independent applications with the following aspects :
- 100% operated under your own infrastructure
- Using the simplest and more direct transmission solution, no third party implied
- By result of the previous points, propose the most secured method to ensure the confidentiality of the transmitted data but also keep a full hand on the processes
- Reduced costs due to simplified complexity - small costs adpated for small entities
Consult the Timeline page for the most up-to-date information
CEDRS - Timeline
- 2022-09 - RGen v1.2.3 - CSSF Update: Add 'inactive' type field, optional fields + other minor changes.
- 2022-09 - SAPI v1.2.1 - CSSF Update: Add new scheduling options to reflect new CSSF guidelines.
- 2021-05 - RGen v1.2.2 - Improve controls, add certificate checks, correct a sending bug case
- 2021-04 - RGen v1.2.1 - Optimisation: significantly improves the time taken to generate a report
- 2022-02 - SAPI v1.2.0 / RGen v1.2.0 - Add extra information in configuration interface, various optimisations
- 2021-08 - RGen v1.1.0 - Update report's generation (CSSF change, change in field format)
- 2021-06 - RGen v1.0.9 - Add further controls to report's generation + minor fixes
- 2021-05 - RGen updates v1.0.7 - Improve scheduling & json validation, add new configuration fields & allow additional special characters in some fields
- 2021-03 - SAPI v1.0.3 / RGen v1.0.3 - Licence date format fix, minor updates
- 2021-02 - RGen fix v1.0.2 - Add "Warning" type automatic notification email + new authorized characters in validator
- 2021-02 - SAPI fix v1.0.2 - Add automatic notification to CSSF after 3 feedback download (failed) attemps
- 2021-02 - SAPI v1.0.1 / RGen v1.0.1 - Minor bug fixes
- 2021-02 - - - > From this stage new entries will be listed by year + month
- 2021-02-08 - First production rollout
- 2021-01-28 - Start setup of Production environments for all customers
- 2021-01-19 - Packaging SAPI v1.0 & RGen v1.0
- 2021-01-11 - U IT CEDRS solution is ready for Production
- 2020-01-07 - Second test phase: Send (success), Reception (success)
- 2020-01-06 - Update of RGen (PGP encryption/decryption)
- 2020-12-18 - Start tests: Sending (success), Reception (failed)
- 2020-12-17 - End of Enrolment reset process
- 2020-12-17 - End of Enrolment process
- 2020-12-11 - Webex meeting with CSSF to clarify some points
- 2020-12-07 - Update RGen with the new validator from CSSF
- 2020-11-10 - Update of procedure of PGP keys generation
- 2020-10-03 - SAPI v0.2a - Enrolment reset test functionnal
- 2020-10-02 - SAPI v0.2 - Enrolment test functionnal
- 2020-10-01 - CSSF opened the Test environment
- 2020-09-18 - Annoucement: RGen will include an "anonymize" function to allow the use of (anonymized) prod data for the test period of October
- 2020-09-17 - SAPI v0.1 - By simulating CSSF API, we successfully performed a first secured handshake based on CSSF guidelines
- 2020-09-16 - RGen v0.3 - Added PGP report encryption and PGP key management
- 2020-09-16 - U IT will offer 6 months of SLA support during extended business hours to all its customers
- 2020-09-14 - RGen v0.2 - CSV template updated - Generating first test reports (json)
- 2020-09-13 - New U IT website - CEDRS pages updated accordingly, adding more visibility
- 2020-09-08 - Update of Project CEDRS Presentation to v1.3 (PDF)
- 2020-09-10 - CSSF started to provide the access to its MFT portal
- 2020-09-08 - Update of Project CEDRS Presentation to v1.2 and CEDRS Survey to v1.1 (PDF)
- 2020-09-07 - Update of CSSF 20/747 Circular, now also available in english. Links : French - English (PDF)
- 2020-09-04 - RGen v0.1 - Ready to provide early version to beta-testers
- 2020-09-04 - RGen - Set version : v0.1
- 2020-09-04 - RGen - Generate first JSON based on CSV
- 2020-09-04 - RGen - Terminate a first version of a raw CSV template format
- 2020-09-01 - RGen - First raw entry format drawn
- 2020-09-01 - RGen - First JSON report generated
- 2020-08-27 - SAPI - Development environment ready - wait for further documentation
- 2020-08-27 - RGen - First version compiled
- 2020-08-23 - Finalisation of general workflow scheme (PDF)
- 2020-08-20 - Finalisation of first enrolment + enrolment update schemes (PDF)
- 2020-08-18 - Creation of first workflow schemes
- 2020-08-11 - First version of project documents released
- 2020-08-xx - Early August - Decision to engage into the development of a solution
- 2020-08-xx - Early August - Analyse + internal & external discussion regarding the subject
- 2020-07-23 - Release of CSSF 20/747 Circular - Technical arrangements relative to the Law of 25 March
- 2020-05-04 - Release of CSSF 20/742 Circular - Entry into force of the Law of 25 March
- 2020-03-25 - Law of 25 March released
CEDRS - Survey & Quote
If you are interested by our solution and want to know more, please contact us
- By email on cedrs@uit.lu
- By phone on +352 26 10 86 86
To receive a quote, please follow these steps:
- Download and fill our PDF-survey document - CEDRS Survey
- Once filled, send it on cedrs@uit.lu
- Schedule a call or conf call for discussion
Note: as costs vary depending on volume, we need a minimum of information from you. Having a (conf) call follows, you probably have many questions to ask.
CEDRS - Visual schemes
The following scheme were created by U IT and can freely be used and shared by any. Please note that these schemes will probably be updated during the coming months.
First enrolment scheme - Summarize all the processes required to register with the CSSF :
Enrolment update scheme - What happen when one of the security elements is updated :
General workflow scheme - From extraction to successfull sending :
RGen CEDRS - Overview
RGen CEDRS stands for "Report Generator (for the) Central Electronic Data Retrieval System".
RGen CEDRS is the first part of the solution proposed by U IT to respond to this new reporting obligation. Its main purpose is to generate a valid report from a source file which is extracted from our customers core systems.
At the date of early September 2020, the application is currently under development :
- Consult the Timeline page for the most up-to-date information
- RGen detailed roadmap : RGen CEDRS Roadmap
Main characteristics will be the following :
- Automated tool, suited to be included in a process chain (workflow)
- Includes many options to adapt to different raw data extractions
- Includes the PGP encryption function
- Run on Windows system
Useful notice : As soon as U IT will have a first stable beta-version of the application, we'll freely deliver it to our customers to help them in their testings for the implementation of the process chains. U IT will also take into consideration any constructive feedback and may adapt the tool or add new functions or options in order to successfully achieve the goal to generate a valid report
RGen CEDRS - Visual Workflows
These schemes will soon be released by U IT.
Target is to provide with a visual summary of RGen CEDRS flows and its possible behaviours upon error or success.
- Consult the Visual Schemes page for the general workflow diagrams
- Consult the Timeline page for the most up-to-date information
- Refer to the RGen CEDRS Roadmap document for a written description
Useful notice : Please take into consideration that the application's features (functions and options) will rapidly grow in size in order to respond to a maximum of situations or requests from our customers. U IT is strongly open to suggestions from its customers and we privilege mutual cooperation. For some of them U IT is considered as a dedicated IT development partner specialised in the Luxembourg legal reporting domain.
SAPI CEDRS - Overview
SAPI CEDRS stands for "Secured API (for the) Central Electronic Data Retrieval System".
SAPI CEDRS is the second part of the solution proposed by U IT to respond to this new reporting obligation. Its main purpose is to correctly communicate with the CSSF to allow the secured transmission of the report, to interpret the results and perform the necessary action in response.
At the date of early September 2020, the application is currently under development :
- Consult the Timeline page for the most up-to-date information
- SAPI detailed roadmap : SAPI CEDRS Roadmap
Main characteristics will be the following :
- Automated tool including API technology to communicate with CSSF
- Can include in option the PGP encryption function
- Includes many options (reactions) possible upon success or error
- Run on Windows system
Useful notice : Unlike the other application (RGen CEDRS), SAPI CEDRS will be more complex to implement and configure. As the application will require a certain number of annex configurations or authorizations, providing with a beta-version of the application may be difficult and could be time consuming. U IT will focus its efforts to deliver a first version of the application accompagnied with a detailed installation procedure to allow our customers to perform their early communication tests with the CSSF. A good cooperation between U IT and our customer IT team will be welcomed.
SAPI CEDRS - Visual Workflows
These schemes will soon be released by U IT.
Target is to provide with a visual summary of SAPI CEDRS flows and its possible behaviours upon error or success.
- Consult the Visual Schemes page for the general workflow diagrams
- Consult the Timeline page for the most up-to-date information
- Refer to the SAPI CEDRS Roadmap document for a written description
Useful notice : Please take into consideration that the application's features (functions and options) will rapidly grow in size in order to respond to a maximum of situations or requests from our customers. U IT is strongly open to suggestions from its customers and we privilege mutual cooperation. For some of them U IT is considered as a dedicated IT development partner specialised in the Luxembourg legal reporting domain.