Latest

Loading...

CSSF Regulation No 20-08 of 3 December 2020 (coordinated version) (only in French)

laying down the conditions for granting loans for residential property located on Luxembourg territory

CSSF Regulation No 24-04 of 21 May 2024 (only in French)

on temporary adjustments to CSSF Regulation No 20-08 of 3 December 2020 laying down the conditions for granting mortgage loans for residential property located in Luxembourg

Assessment of professional standing and experience – update of the declarations of honour

The CSSF updated the declarations of honour for natural and legal persons following an adaptation of its administrative practice as regards the assessment of professional standing and experience. These adjustments do not concern the procedures or declarations of honour to be submitted as part of…

CSSF-ALFI Webinar on the new Circular CSSF 24/856 reforming Circular CSSF 02/77 on NAV calculation errors and investment breaches at the level of UCIs

The CSSF and ALFI will organise a webinar on the new Circular CSSF 24/856 on 6 June 2024 at 10.30 CEST. This new circular, concerning investor protection in the event of an error in NAV calculation, non-compliance with investment rules and other errors at the level of…

ESMA publishes its Final Report on Guidelines on funds’ names using ESG or sustainability-related terms

Following the publication on 14 December 2023 by the European Securities and Markets Authority (“ESMA”) of its Public Statement on Guidelines on funds’ names, the CSSF hereby informs market participants that ESMA published on 14 May 2024 its Final Report thereon. In this Final Report,…

New eDesk procedure regarding the EBA benchmarking exercise on Gender Pay Gap exercise

From 15 May 2024, the CSSF will start collecting “GPG” reports from credit institutions and non-SNI IFR investment firms (“non-SNI IFR IF”), on behalf of the European Banking Authority (EBA). The purpose of this reporting is to collect information on the gender pay gap of…

Looking back on the 2024 CSSF AML/CFT Conference for Investment Firms

In order to foster interaction with the investment firms under its supervision, the Commission de Surveillance du Secteur Financier (CSSF) held an online conference on 23 April 2024 highlighting the key issues on AML/CFT for the sector. Representatives of the Luxembourg Ministry of Justice and…

ESMA Call for Evidence

on the review of the Commission Directive 2007/16/EC on UCITS eligible assets
The Call for Evidence is launched in the context of the European Commission’s formal request to ESMA to provide technical advice on the review of the Commission Directive 2007/16/EC on UCITS eligible assets…

Publication of a roadmap in connection with the Overseas Funds Regime

The CSSF hereby informs you that the UK Financial Conduct Authority (FCA) and HM Treasury have jointly issued a roadmap to explain how the Overseas Funds Regime (OFR) is intended to be opened to European Economic Area (EEA) funds authorised under Directive 2009/65/EC, as amended,…

Administrative sanction of 8 February 2024

Administrative sanction imposed on Lemanik Asset Management S.A.

Global situation of undertakings for collective investment at the end of March 2024

Press release 24/12
As at 31 March 2024, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to EUR 5,485.248 billion compared to EUR 5,393.311 billion as at 29 February 2024, i.e.…

New SFTR & EMIR procedures available for notification forms and intra-group exemption requests

Following the entry into force of the EMIR Refit regulation on April 29, 2024, the CSSF enables financial and non-financial counterparties to complete and submit the “EMIR – notification form and request for intragroup exemption” and “SFTR – notification form” procedures either through eDesk or…

CSSF communication on macroprudential measures for GBP denominated Liability Driven Investment funds

On 23 November 2023, the CSSF launched a public consultation outlining a proposal, following coordination with the Central Bank of Ireland, to introduce macroprudential measures by imposing a minimum yield buffer on GBP denominated Liability Driven Investment funds (“GBP LDI funds”) via the use of…

Critical vulnerabilities in Cisco ASA software/appliance and FTD software (CVE-2024-20359, CVE-2024-20358, CVE-2024-20353)

The CSSF has been made aware of three recent critical vulnerabilities (CVE-2024-20359, CVE-2024-20358 and CVE-2024-20353) in Cisco ASA (Adaptive Security Appliance) software/appliance and FTD (Firepower Threat Defense) software, which are actively exploited. CIRCL, the Computer Incident Center Luxembourg, published a technical report on this subject,…

Administrative sanction of 7 March 2024

Administrative sanction imposed on Baumann & Partners S.A.

Adoption of the AML package by the European Parliament

In July 2021, the European Commission presented an ambitious package of legislative proposals to strengthen the EU’s anti-money laundering and Countering the financing of terrorism rules which became commonly known as “the AML Package”. After more than two years of negotiations, the AML package was…

Obituary (only in French)

C’est avec une grande tristesse que la CSSF a appris le décès d’Olivier Lefèvre, réviseur d’entreprises agréé au sein du cabinet Deloitte Audit S.à r.l jusqu’en 2023. Olivier était un grand contributeur pour la profession de l’audit et a notamment été membre de divers comités…

Circular CSSF 24/857

ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation – 2023 update (ESMA50-43599798-9011)

Administrative penalty of 21 September 2023

Administrative penalty imposed on the investment firm Fuchs & Associés Finance S.A. (in liquidation)