Circulars

Circular CSSF 17/671 (only in French)

13.10.2017: Specifications regarding CSSF Regulation N° 16-07 of 26 October 2016 relating to out-of-court complaint resolution


Circular CSSF-CPDI 17/07

19.04.2017: Survey on covered claims in connection with investment business


Circular CSSF 17/651 (only in French)

22.02.2017: Law of 23 December 2016 1. transposing Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agreements for consumers relating to residential immovable property and amending Directives 2008/48/EC and 2013/36/EU and Regulation (EU) No 1093/2010; and 2. amending the Consumer Code (hereinafter, "Law of 23 December 2016")


Circular CSSF 17/650

17.02.2017: Application of the Law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended (hereinafter "AML/CFT Law") and of the Grand-ducal Regulation of 1 February 2010 providing details on certain provisions of the AML/CFT Law ("AML/CFT GDR") to predicate tax offences


Circular CSSF-CPDI 16/03

18.10.2016: Survey on covered claims in connection with investment business


Circular CSSF-CPDI 16/02

18.10.2016: Scope of the deposit guarantee and the investor compensation


Circular CSSF 16/644 (only in French)

11.10.2016: Provisions applicable to credit institutions acting as UCITS depositary subject to Part I of the law of 17 December 2010 relating to undertakings for collective investment and to all UCITS, where appropriate, represented by their management company


Circular CSSF 16/641

05.08.2016: Update of Circular CSSF 15/629 relating to supplementary supervision to be applied to financial conglomerates and definition of structure coefficients to be observed by the regulated entities belonging to these financial conglomerates pursuant to Article 56 of the law of 5 April 1993 on the financial sector, as amended


Circular CSSF 15/633

29.12.2015: Financial information to be provided by investment fund managers and their branches on a quarterly basis


Circular CSSF 15/631 (only in French)

28.12.2015: Dormant or inactive accounts


Circular CSSF 15/629 (as amended by Circular CSSF 16/641)

10.12.2015: Supplementary supervision to be applied to financial conglomerates and definition of structure coefficients to be observed by the regulated entities belonging to these financial conglomerates pursuant to Article 56 of the law of 5 April 1993 on the financial sector, as amended


Circular CSSF 15/615

11.06.2015: ESMA guidelines on the application of the definitions of commodity derivatives in Sections C6 and C7 of Annex I of Directive 2004/39/EC (MiFID)


Circular CSSF 15/611

16.04.2015: Managing the risks related to the outsourcing of systems that allow the compilation, distribution and consultation of management board/strategic documents


Circular CSSF 15/609

27.03.2015: Developments in automatic exchange of tax information and anti-money laundering in tax matters


Circular CSSF 14/598

02.12.2014: Opinion of the European Securities and Markets Authority (ESMA) on the review of the CESR Guidelines on a Common Definition of European Money Market Funds (CESR/10-049)


Circular CSSF 14/592

30.09.14: Guidelines of the European Securities and Markets Authority (ESMA) on ETFs and other UCITS issues


Circular CSSF 14/585

25.02.2014: Transposition of the European Securities Markets Authority's (ESMA) guidelines on remuneration policies and practices (MiFID) - Addition of Annexe V to Circular CSSF 07/307


Circular CSSF 13/565

17.04.2013: Amendment to Circular CSSF 12/548 transposing the guidelines of the European Securities and Markets Authority (ESMA) on the exemption for market making activities and primary market operations


Circular CSSF 13/560

19.02.2013: Addition of an Annex IV to Circular CSSF 07/307, transposing the guidelines of the European Securities and Markets Authority (ESMA) concerning Chapter 6 - Suitability test - of Circular CSSF 07/307


Circular CSSF 13/559

18.02.2013: ESMA guidelines on ETFs and other UCITS issues


Circular CSSF 12/549

09.11.12: Technical specifications regarding the submission to the CSSF of documents under the law on prospectuses for securities for offers to the public of units or shares of Luxembourg closed-end undertakings for collective investment and/or admissions of units or shares of Luxembourg closed-end undertakings for collective investment to trading on a regulated market.


Circular CSSF 12/546 (as amended by Circular CSSF 15/633)

24.10.2012: Authorisation and organisation of Luxembourg management companies subject to Chapter 15 of the Law of 17 December 2010 relating to undertakings for collective investment as well as investment companies which have not designated a management company within the meaning of Article 27 of the Law of 17 December 2010 relating to undertakings for collective investment


Circular CSSF 11/512

30.05.2011: - Presentation of the main regulatory changes in risk management following the publication of CSSF Regulation 10-4 and ESMA clarifications;
- Further clarifications from the CSSF on risk management rules;
- Definition of the content and format of the risk management process to be communicated to the CSSF


Circular CSSF 11/509

15.04.2011: New notification procedures to be followed by a UCITS governed by Luxembourg law wishing to market its units in another Member State of the European Union and by a UCITS of another Member State of the European Union wishing to market its units in LuxembourgMore


Circular CSSF 11/504

11.03.2011: Frauds and incidents due to external computer attacks


Circular CSSF 11/503

03.03.2011: Reminder on the obligations applicable to the transmission and publication of financial information and relating deadlines


Circular CSSF 11/501

28.02.2011: Amendments to Annexe 1 of Circulars CSSF 06/273 and CSSF 07/290, as amended, defining capital ratios pursuant to article 56 of the amended law of 5 April 1993 on the financial sector


Circular CSSF 11/498

10.01.2011: - Entry into force of the law of 17 December 2010 relating to undertakings for collective investment and CSSF Regulations No 10-04 and No 10-05 on implementing measures
- Commission Regulations (EU) No 583/2010 and No 584/2010 of 1 July 2010 implementing Directive 2009/65/EC
- Guidelines and other documents drawn up by the Committee of European Securities Regulators (CESR)
More


Circular CSSF 10/497 (only in French)

22.12.2010: Amendments to Circular CSSF 07/290 defining capital ratios pursuant to article 56 of the amended law of 5 April 1993 on the financial sector, as amended:
Transposition of Directive 2010/76/EU of the European Parliament and of the Council of 24 November 2010 amending Directives 2006/48/EC and 2006/49/EC as regards capital requirements for the trading book and for re-securitisations, and the supervisory review of remuneration policies


Circular CSSF 10/494

8.12.2010: Implementation of Annex VI, Part 1, point 15 of amended Directive 2006/48/EC as transposed by Part VII, Chapter 2, point 19 of Circulars CSSF 06/273 and CSSF 07/290


Circular CSSF 10/483 (only in French)

25.08.2010: Amendments to Circular CSSF 07/290, as amended, defining capital ratios pursuant to Article 56 of the amended law of 5 April 1993 on the financial sector:
1. Transposition of Directives 2009/27/EC, 2009/83/EC and 2009/111/EC
2. Other amendments to Circular CSSF 07/290, as amended


Circular CSSF 10/467

01.07.2010: 1) Electronic transmission of financial information to be transmitted to the CSSF on a periodic basis by management companies subject to Chapter 13 of the law of 20 December 2002 relating to undertakings for collective investment
2) Modifications to certain periodic tables


Circular CSSF 10/456

05.05.2010: Cooperation between the professionals of the financial sector and the judicial authorities


Circular CSSF 10/451

16.04.2010: Amendment to Circular CSSF 07/290 (on reporting of large exposures and on the capital floors provided for in items 3, 4, 7 and 8 of Part XX)


Circular CSSF 10/446

26.03.2010: Change regarding the communication of circulars issued by the CSSF for the entities under its supervision


Circular CSSF 10/437

01.02.2010: Guidelines concerning the remuneration policies in the financial sector


Circular CSSF 09/423

02.12.2009: Electronic transmission to the CSSF of long form reports and management letters


Circular CSSF 08/380

26.11.2008: Guidelines of the Committee of European Securities Regulators (CESR) concerning eligible assets for investment by UCITSMore


Circular CSSF 08/371

05.09.2008: Electronic transmission of prospectuses and financial reports of UCIs and SIFs to the CSSFMore


Circular CSSF 08/356

04.06.2008: Rules applicable to undertakings for collective investment when they employ certain techniques and instruments relating to transferable securities and money market instrumentsMore


Circular CSSF 08/339

19.02.2008: Guidelines of the Committee of European Securities Regulators (CESR) concerning eligible assets for investment by UCITSMore


Circular CSSF 07/307 (as amended by Circulars CSSF 13/560, CSSF 13/568 and 14/585)

31.07.2007: MiFID: Conduct of business rules in the financial sectorMore


Circular CSSF 07/290 (as amended by Circulars CSSF 10/451, 10/483, 10/497 and 13/568) (only in French)(being updated)

03.05.2007: Definition of capital ratios pursuant to article 56 of the amended law of 5 April 1993 on the financial sector (application to investment firms and management companies subject to chapter 13 of the law of 20 December 2002 as amended)More


Circular CSSF 07/277

09.01.2007 : New notification procedure in line with the guidelines of the Committee of European Securities Regulators (CESR) regarding the simplification of the UCITS notification procedureMore


Circular CSSF 05/186

25.05.2005: Guidelines of the Committee of European Securities Regulators (CESR) regarding the application of transitional measures resulting from Directives 2001/107/EC and 2001/108/EC (UCITS III) amending Directive 85/611/EEC (UCITS I)


Circular CSSF 05/177

06.04.2005: Abolition of any prior control by the CSSF of advertising material used by persons and companies supervised by the CSSF; abrogation of point II. of Chapter L. of IML circular 91/75; abrogation of the two last sentences of point IV. 5.11 of CSSF circular 2000/15


Circular CSSF 04/155

27.09.2004: The Compliance function


Circular CSSF 04/146

17.06.2004: Protection of undertakings for collective investment and their investors against Late Trading and Market Timing practicesMore


Circular CSSF 03/97

28.02.2003: Publication in the electronic reference database of the financial centre (“référentiel de la place”) of the simplified and full prospectuses as well as the annual and half-yearly reports by undertakings for collective investmentMore


Circular CSSF 03/88

22.01.2003: Classification of the undertakings for collective investment governed by the provisions of the Law of 20 December 2002 concerning undertakings for collective investment


Circular CSSF 03/87

21.01.2003: Coming into effect of the Law of 20 December 2002 regarding undertakings for collective investment


Circular IML 98/143 (as amended by Circular CSSF 04/155)

01.04.1998: Internal control


Circular IML 91/75 (as amended by Circular CSSF 05/177)

21.01.1991: Revision and remodelling of the rules to which Luxembourg undertakings governed by the Law of 30 March 1988 on undertakings for collective investment ("UCI") are subjectMore