CSSF’s communications and initiatives in the COVID-19 context

Faced with the coronavirus crisis, the CSSF continues its missions of prudential supervision and accompanies professionals of the financial sector. All CSSF communications intended for the supervised entities in this context are accessible here.
Since the beginning of the COVID-19 crisis, the CSSF has made…
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Warning concerning a fraud scheme misusing the name of the Luxembourg authorised bank Quintet Private Bank (Europe) S.A.


The CSSF draws the attention of the public to a fraud scheme in which the name of the bank authorised in Luxembourg, Quintet Private Bank (Europe) S.A., and of its employees and management bodies are being misused. The fraudsters contact people via telephone or email…

Warning concerning the website https://stocksons.live


The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website https://stocksons.live where an entity, which claims to be established at 26 boulevard Royal, L-2449 Luxembourg, offers trading and investment services under the name StockSons. In this context, the CSSF also refers…

Warning regarding the activities of an entity named "Zenith Assets Management"


The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named “Zenith Assets Management” which, on the website www.zenith-assets.com, offers investment services and pretends to be established at 5 Heienhaff 2ème étage, L-1736 Senningerberg. The CSSF informs the…

Warning concerning regarding the website www.bit-forex.ltd


The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.bit-forex.ltd where an entity, which claims to be established at 72-74 Grand-Rue, L-9051 Ettelbruck, offers investment services under the name Bit-Forex LTD. The CSSF informs the public that the entity which…

Warning regarding the activities of an entity named Sun CFD Trading Inc.


The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named Sun CFD Trading Inc. which, on the website www.suncfdtrading.com, offers investment services and pretends to be established at 51, boulevard Grande-Duchesse Charlotte, L-1330 Luxembourg, and to be…

Global situation of undertakings for collective investment at the end of November 2020

Press release 20/31
As at 30 November 2020, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to EUR 4,882.411 billion compared to EUR 4,674.665 billion as at 31 October 2020, i.e.…

CSSF Regulation No 20-10 of 21 December 2020 (only in French)

laying down the implementing measures of Article 100(1) of the Law of 17 December 2010 relating to undertakings for collective investment as regards the marketing of foreign UCIs other than the closed-ended type to retail investors in Luxembourg

Regulation CSSF No 20-07 of 12 November 2020 (only in French)

concerning systemically important institutions authorised in Luxembourg

CSSF Regulation No 20-11 of 29 December 2020 (only in French)

on the setting of the countercyclical buffer rate for the first quarter of 2021

2020 Survey related to the fight against money laundering and terrorist financing


The CSSF will start the annual online survey for the year 2020 on 15 February 2021. The objective is to collect standardised key information concerning money laundering and terrorist financing (ML/TF) risks to which professionals under CSSF supervision are exposed and the implementation of measures…

Luxembourg - Monaco: Towards enhanced cooperation in the fight against international financial crime (only in French)

Press release 20/29
Une rencontre réunissant notamment, du côté monégasque, M. Robert Gelli, Secrétaire d’Etat à la Justice – Directeur des Services Judiciaires, M. Michel Hunault, Directeur du Service d’Information et de Contrôle des Circuits Financiers (SICCFIN) et S.E. Mme Isabelle Berro-Amadeï, Ambassadeur de la…

Publication of CSSF Regulation No 20-09 on the equivalence of the United Kingdom for the purpose of the MiFIR third country national regime

Press release 20/30
The CSSF would like to draw the attention of the public to the publication of the CSSF Regulation No 20-09 of 14 December 2020, amending CSSF Regulation No 20-02 of 29 June 2020 on the equivalence of certain third countries with respect…

CSSF Regulation No 20-09 of 14 December 2020 (only in French)

amending CSSF Regulation No 20-02 of 29 June 2020 on the equivalence of certain third countries with respect to supervision and authorisation rules for the purpose of providing investment services or performing investment activities and ancillary services by third-country firms

FAQ: COVID-19

FAQ of 22 December 2020: update of question No. 13 – CSSF recommendation on restriction of distributions during the COVID-19 pandemic

Warning concerning the website www.500.trade


The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.500.trade where an entity, which claims to be established at 5 rue Goethe, L-1637 Luxembourg, offers investment services under the name 500.trade. The CSSF informs the public that the entity which…

Circular letter

CSSF recommendation on restriction of distributions during the COVID-19 pandemic

Claude Marx, Director general of the CSSF, guest on the show "Connected to" on Radio 100,7


Our Director General, Claude Marx was the guest on the show “Connected to” on Radio 100,7 which targets the English speaking community. Hear him talk about the 75th anniversary of the financial supervision, the CSSF’s image and evolution, the impact of COVID-19 on the financial…

Publication of the Results of the CSSF Thematic Review on Efficient Portfolio Management – Revenues & Costs/Fees and of the CSSF FAQ on the use of Securities Financing Transactions by UCITS


A thematic review on the use by Luxembourg domiciled UCITS of Efficient Portfolio Management techniques (EPM) was performed by the CSSF at the end of 2019 by means of a questionnaire addressed to a panel of fifty investment fund managers (IFM). The review was focused…

CSSF FAQ – Use of Securities Financing Transactions by UCITS

This publication is a CSSF FAQ  in relation to the use by Luxembourg-domiciled UCITS of the following Securities Financing Transactions: securities lending transactions, reverse repurchase agreement transactions and repurchase agreement transactions. The objective of the FAQ is to bring further clarity concerning the use by UCITS of these SFTs, thereby taking into account the applicable regulatory framework as well as the supervisory experienced gained by the CSSF over the last years.

CSSF Thematic Review Efficient Portfolio Management by UCITS – Revenues & Costs/Fees results

Following the thematic review on the use by UCITS of efficient portfolio management techniques (EPM), this publication concerns the main observations made by the CSSF together with the related recommendations and improvements. The review was focused on the regulatory provisions on revenues and costs / fees arising from these EPM techniques as well as the related controls in place at the level of the management companies.

Circular CSSF 20/764

Guidelines on performance fees in UCITS and certain types of AIFs

Warning - Malware "SUNBURST"


The company SolarWinds was the victim of a highly sophisticated cyberattack. A malicious actor implanted a vulnerability (known as “SUNBURST”) in the SolarWinds Orion software. “SUNBURST” was potentially distributed along with a limited number of Solarwinds Orion software updates. These updates were potentially leveraged to…

Warning regarding the activities of an entity named Global Markets Association


The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named Global Markets Association which indicates on its website, www.gm-associations.com, a contact phone number from Luxembourg. The CSSF informs the public that Global Markets Association is unknown to…

Press release of the Ministry of Justice of 14 December 2020: Luxembourg updates its national risk assessment of money laundering and terrorist financing

Press release 20/28
The English version of the update of the national risk assessment of money laundering and terrorist financing (2020 NRA) and the French version of its executive summary are available on the website of the Ministry of Justice. The French version of the…

Warning regarding the activities of an entity named IGLS Invest


The Commission de Surveillance du Secteur Financier (CSSF) warns de public about an entity which disseminates documents by which it offers investment and deposit services (including fixed term accounts) under the denomination IGLS Invest. The CSSF informs the public that the entity which presents itself…

Communication on regulatory requirements and fast track procedure in relation to Regulation (EU) 2019/2088 on the sustainability-related disclosures in the financial services sector


Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial services sector (“SFDR”) requires investment fund managers of undertakings for collective investment in transferable securities and alternative investment funds to comply with harmonised rules on transparency with regard to sustainability risks and…