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 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 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 15/631 (only in French)

28.12.2015: Dormant or inactive accounts


Circular CSSF 15/627

03.12.2015: New monthly reporting for the CSSF - U 1.1 reporting


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 14/591

22.07.2014: Protection of investors in case of a material change to an open-ended undertaking for collective investment


Circular CSSF 14/588 (only in French)

28.05.2014: Modification of the statistical data collection for money market and non-money market investment funds


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 13/559

18.02.2013: ESMA guidelines on ETFs and other UCITS issues


Circular CSSF 12/548 (as amended by Circular CSSF 13/565)

31.10.2012: Entry into force of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps and details on certain practical aspects of notification, disclosure and exemption procedures


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 12/540

09.07.2012: Non-launched compartments, compartments awaiting reactivation and compartments in liquidationMore


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 11/498

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 10/456

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


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 08/348

17.04.2008: Changes to circulars IML 97/136 and CSSF 07/310More


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 07/277

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 04/146

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 CSSF 02/81

06.12.2002: Guidelines concerning the task of auditors of undertakings for collective investmentMore


Circular CSSF 02/77

27.11.2002: Protection of investors in case of NAV calculation error and correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment


Circular CSSF 02/71

01.10.2002: Law of 3 September 1996 concerning the involuntary dispossession of bearer securities


Circular CSSF 01/34

24.09.2001: Entry into force of a series of laws concerning the financial sector


Circular IML 97/136 (as amended by Circular CSSF 08/348)

13.06.1997: Financial information for the IML and StatecMore


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