The CSSF’s €30,000 fine on Fab Cbo 2003-I B.V., announced on 18 July 2023, follows an administrative fine of €15,000 imposed on 3 August 2022. Archive photo: Romain Gamba / Maison Moderne

The CSSF’s €30,000 fine on Fab Cbo 2003-I B.V., announced on 18 July 2023, follows an administrative fine of €15,000 imposed on 3 August 2022. Archive photo: Romain Gamba / Maison Moderne

Luxembourg’s Financial Sector Supervisory Commission (CSSF) has imposed an administrative fine of €30,000 on Fab Cbo 2003-I B.V. for failing to respond to the CSSF’s orders concerning an annual financial report.

Fab Cbo 2003-I B.V. is an issuer of securities for which Luxembourg is the home member state, pursuant to the transparency law, according to the . It is a company that is incorporated under Dutch law and has its statutory seat in Amsterdam.

Luxembourg’s financial regulator on 18 July announced that it had decided to impose an for failing “to act in response to the orders of the CSSF regarding its annual financial report as of 31 December 2021.”

This announcement follows a imposed by the CSSF on 3 August 2022 for having “failed to publish its annual financial report as of 31 December 2021 within the required time limit.”

Fab Cbo 2003-I B.V. was also for failing to publish its annual financial report as of 31 December 2020 on time. And the year before, the  on Fab Cbo 2003-I B.V. for failing to publish its annual financial report as of 31 December 2019 within the required time limit.

S&P Global Ratings Fab Cbo 2003-I B.V. as a “collateralised debt obligation (CDO) transaction backed by pools of structured finance assets,” which initially closed in March 2003.

Delano reached out to the company for comment, but had not received a response at the time of publication.