This section describes the main stages of the institutional and legislative development of the supervision of the Luxembourg financial centre.
17 October 1945
Establishment of the banking control function under the designation of Commissaire au contrôle des banques (Commissionner for the Control of Banks).
20 May 1983
Establishment of the Institut Monétaire Luxembourgeois (Luxembourg Monetary Institute), which, inter alia, took over the tasks of the Commissaire au contrôle des Banques.
21 September 1990
Establishment of the Commissariat aux Bourses (Exchange Supervisory Commission), as authority in charge of the supervision of the stock exchanges.
22 April 1998
Law amending the legislation relating to the Institut Monétaire Luxembourgeois and the monetary status of the Grand Duchy of Luxembourg, with a view to Luxembourg's entry into the European System of Central Banks.
1 June 1998
The Institut Monétaire Luxembourgeois is renamed Banque centrale du Luxembourg (Luxembourg Central Bank).
23 December 1998
Law establishing the Commission de Surveillance du Secteur Financier.
1 January 1999
Start of the activities of the Commission de Surveillance du Secteur Financier. The CSSF takes over the responsibilities of the Commissariat aux Bourses and the prudential supervisory role assumed by the Banque centrale du Luxembourg since 1 June 1998.
19 June 1965
Grand-ducal decree establishing the first prudential regulation system for the banking activity.
23 April 1981
Introduction of a completely revised regulatory framework following the implementation of the first European Directive on banks.
27 November 1984
Law on the access to and the supervision of the financial sector, coordinating all provisions relating to prudential supervision.
30 March 1988
Law relating to undertakings for collective investment.
21 September 1990
Law relating to the supervision of certain profesional activities in the financial sector, amending the Law of 27 November 1984 and bringing certain categories of financial professionals under the supervision of the Institut Monétaire Luxembourgeois.
5 April 1993
Coming into force of the Law on the financial sector, the pillar of the Luxembourg banking legislation and regulations.
21 November 1997
Law relating to the banks issuing mortgage bonds.
12 March 1998
Law relating to investment services.
23 December 1998
Law relating to the supervision of the securities markets.
31 May 1999
Law governing the domiciliation of companies.
8 June 1999
Law creating pension funds in the form of Pension savings companies with variable capital (Sepcav) and pension savings associations (Assep).
15 December 2000
Law on postal services and financial postal services, entrusting the CSSF, inter alia, with the supervision of financial postal services.
14 May 2002
Law on electronic money institutions.
20 December 2002
Law concerning undertakings for collective investment.
2 August 2003
Law defining, inter alia, new categories of professionals of the financial sector.
22 March 2004
Law on securitisation.
15 June 2004
Law relating to the Investment company in risk capital (SICAR).
10 July 2005
Law on prospectuses for securities.
13 July 2005
Law on institutions for occupational retirement provision in the form of pension savings companies with variable capital (SEPCAVs) and pension savings associations (ASSEPs).
19 May 2006
Law on takeover bids.
13 July 2007
Law on markets in financial instruments.
10 November 2009
Law on payment services.
18 December 2009
Law concerning the audit profession.
8 April 2011
Law concerning the implementation of a Consumer Code.