Consultative committee for prudential regulation
The Government may seek the advice of this consultative committee for prudential regulation, constituted by the law of 23 December 1998 establishing a financial sector supervisory commission ("Commission de surveillance du secteur financier"), on any draft law or Grand-ducal regulation in the field of supervision of the financial sector falling within the remit of the CSSF. The CSSF's executive board shall seek an opinion of this consultative committee on any draft regulation of the CSSF other than related to statutory audits and the audit profession. A member of the consultive committee for prudential regulation may refer the implementation or application of prudential regulation overall, or specific questions, to the said committee. The external members of the consultative committee are appointed by the Minister of Finance.
Consultative committee for the audit profession
The Government may seek the advice of the consultative committee for the audit profession, established by the law of 18 December 2009 concerning the audit profession, on any draft law or Grand-ducal regulation related to statutory audits and the audit profession subject to the oversight of the CSSF.
The CSSF's executive board shall seek an opinion of this consultative committee on any draft regulation of the CSSF related to statutory audits and the audit profession. A member of the consultative committee for the audit profession may refer the implementation or the application of the legislation regarding the oversight of the audit profession in its whole or for specific issues to the said committee. The external members of the consultative committee are appointed in accordance with Article 15-1 of the CSSF Law.
Committees of experts
The committees of experts assist the CSSF in the analysis of the development of the different financial sector segments, give their advice on any question relating to their activities and participate in the drawing-up and the interpretation of regulations relating to their specific field. In addition to the following permanent committees, ad hoc committees may be set up to discuss specific issues.
List of external members
A list of persons from outside the CSSF and who, during a specific year, participated in the works of the different committees of experts and ad hoc committees is published in the annual report of the CSSF.
◊ Protection of Financial Consumers Committee
◊ Corporate Governance Committee
◊ Anti-Money Laundering Committee
◊ Banks and Investment Firms Committee
◊ Bank and Investment Firm Accounting Committee
◊ Banks Issuing Mortgage Bonds Committee
◊ Depositaries Committee
◊ Undertakings for Collective Investment Committee
◊ SICAR Committee
◊ Securitisation Committee
◊ Pension Funds Committee
◊ Audit Technical Committee