The CSSF hereby informs you that the UK Financial Conduct Authority (FCA) has recently published a policy statement setting out the final rules and guidance necessary to implement the Overseas Funds Regime (OFR). By way of a reminder, the OFR is meant to replace the…

The CSSF has recently observed that, for a certain number of AIFs investing in illiquid assets, diverging approaches amongst Luxembourg depositaries, as regards the controls implemented for properly executing their safekeeping duties of ownership verification and record keeping obligations, are being applied. While some depositaries…

The CSSF would like to bring the following information to the attention of the public. Article 31 of the Directive (EU) 2019/2162 of the European Parliament and of the Council of 27 November 2019 on the issue of covered bonds and covered bond public supervision…

In the context of the worldwide major outage due to “CrowdStrike Agent causing BSOD loop on Windows”, as referred to in the communiqué of the CSSF dated 19 July 2024, the CSSF hereby reminds Luxembourg-domiciled investment managers and undertakings for collective investment (UCI) as well…

The CSSF has been made aware of a recent worldwide major outage due to CrowdStrike Agent causing BSOD loop on Windows. CIRCL, the Computer Incident Center Luxembourg, published a technical report on this subject, including recommendations, available at this URL: https://circl.lu/pub/tr-87/. The CSSF strongly recommends…

Following our press release dated 21 June 2024 on the new transmission method for monthly COREP-FINREP reports, please find attached the user guide which details the submission methods as well as the new naming convention applicable for the following reportings : Monthly reportings to be…

The CSSF would like to inform the public that in the context of the implementation of the NIS2 Directive, the European Commission has recently published a Draft Implementing Regulation as well as the related Annex laying down the technical and the methodological requirements of cybersecurity…

The CSSF informs all investment fund managers and other relevant stakeholders that the European Commission has recently provided answers to three investment-management-related queries. Please see below a brief overview of the topics associated with these answers together with direct links to the European Securities and…

The CSSF would like to draw the attention of the public to the publication of the new banking package (CRR III/CRD VI) in the Official Journal of the European Union on 19 June 2024. The banking package amends Directive 2013/36/EU (CRD) and Regulation (EU) No…

For the attention of alternative investment fund managers
The CSSF press release published on 22 September 2023 enabled the alternative investment fund managers to transmit their AIFM reporting directly to the CSSF either via an API interface (S3 technology) – from 2 November 2023 –…

In the course of 2023, the European Securities and Markets Authority (“ESMA”) performed a Common Supervisory Action (“CSA”) with national competent authorities (“NCAs”) across the EU/EEA on the supervision of the MiFID II disclosure rules with regard to marketing communications and advertisements of financial products…

The CSSF reminds firms engaging in algorithmic trading of their obligation to notify this to both the competent authority of their home member state and, when different, the competent authority(ies) of the trading venue(s) where the algorithmic trading takes place. The CSSF further reminds firms…

As per the European Commission request, the CEAOB has prepared draft non-binding guidelines on limited assurance on sustainability reporting. The purpose of the consultation is to garner views and suggestions on the content of these guidelines before their adoption within the CEAOB. The deadline for…