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Consultative committees
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 advice of this committee must be sought for any CSSF regulation draft. The 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 members of the consultative committee for the audit profession may also seek its advice concerning the implementation or the application of the legislation regarding the oversight of the audit profession in its whole or for specific issues.
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.
Anti-Money Laundering Committee
Specific remit: prevention of and fight against money laundering.
Banks and Investment Firms Committee
Specific remit: the environment of the bank and investment firm sector.
Bank and Investment Firm Accounting Committee
Specific remit: accounting instructions, establishment and publication of balance sheets and financial situations to be drawn up by credit institutions and investment firms.
Pension Funds Committee
Specific remit: pension funds.
Laws and Regulations Committee
Specific remit: regulations relating to the prudential supervision, interpretation of regulations in force, amendment to current laws and regulations, CSSF regulations, transposition of EU regulations.
Securities Markets Committee
Specific remit: securities markets.
Undertakings for Collective Investment Committee
Specific remit: undertakings for collective investment.
Professionals of the Financial Sector Committee
Specific remit: other professional activities of the financial sector as stipulated in the Law of 5 April 1993 on the financial sector.
SICAR Committee
Specific remit: investment companies in risk capital.
Securitisation Committee
Specific remit: all issues pertaining to securitisation.
