Legal Department
The Legal Department is divided into four independent departments, each in charge of specific legal issues and files.
LEGAL DEPARTMENT I
This department is responsible for international relations and the general communication with foreign authorities regarding all domains for which the CSSF is competent. This mission includes the participation in meetings and working groups, on EU and international level, which deal, among others, with investment funds.
LEGAL DEPARTMENT II
The department deals with questions involving entities supervised by the CSSF and relating to responsible conduct of business rules and financial consumer protection. The department is also in charge of resolving out-of-court disputes between professionals under the supervision of the CSSF and their customers. Furthermore, the mission of the department is to deal with issues regarding the fight against money laundering and terrorist financing (AML/CFT) as well as the application of international financial sanctions.
In the framework of the above-mentioned missions, the department drafts regulations and guidelines issued by the CSSF.
It also cooperates with national and international authorities as regards AML/CFT and represents the CSSF within international bodies.
LEGAL DEPARTMENT III
The department receives the authorisation files of PFS and handles prior and general questions relating thereto.
LEGAL DEPARTMENT IV
The department deals with issues requiring the possible exercise of the CSSF's legal powers, including injunctions and sanctions and with files likely to be of a litigious (contentieux) or criminal (pénal) nature. In this area, it is in charge of and coordinates contacts with the judicial authorities and the external legal advisers of the CSSF.
It assists the other departments in enforcement issues and deals with general legal issues. In addition, it cooperates with the other departments in monitoring reforms and suggestions likely to enhance the legal and regulatory environment under the remit of the CSSF. Furthermore, it reviews the documentation the CSSF intends to issue in order to ensure the adequacy and consistency of the powers and sanctions enshrined therein.
At national and European level, the department deals with the legal issues that arise in the context of the institutional reforms relating to the architecture of the financial sector supervisors.
Moreover, the CSSF's library, which is part of the national network of Luxembourg libraries, is attached to this department.
