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MMF Reporting dashboard – December 2023

This MMF Reporting Dashboard encompasses a set of indicators based on the data reported under Article 37 of the MMF Regulation, with data as from Q1/2020 onwards.
All statistics: link to the “Statistics” page

Questionnaire as part of the Call for Advice on the review of the EU covered bond framework

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…

Warning concerning the website www.elygroupsa.com

Please refer to the warning for further information.

Worldwide major outage due to CrowdStrike Agent and handling of potential impacts on undertakings for collective investment

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…

CrowdStrike Agent causing BSOD loop on Windows

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…

Transmission of monthly COREP-FINREP reports – user guide

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…

Administrative sanction of 2 April 2024

Administrative sanction imposed on abrdn Investments Luxembourg S.A.

Warning concerning the website www.fildaxcapital.com

Please refer to the warning for further information.

Luxembourg “DORA Law” published in the Official Journal

After an unanimous adoption earlier in June, the national “DORA law” of 1 July 2024 was published in the Official Journal and will apply by 17 January 2025. This constitutes one more step towards a more resilient financial sector in Luxembourg. As the provisions of the…

Administrative sanction of 8 April 2024

Administrative sanction imposed on the réviseur d’entreprises agréé (approved statutory auditor), Mr Thierry GRUN

Warning concerning the website www.geneveinv.com

Please refer to the warning for further information.

Press release regarding Orco Property Group S.A. (ISIN LU0122624777)

Press release 24/17
Reference is made to the CSSF press release 23/23 whereby the CSSF informed the public that, by three judgements dated 21 November 2023, the administrative court (Tribunal administratif) had rejected the legal challenges brought against the decisions adopted by the CSSF on…

Administrative sanction of 8 May 2024

Administrative sanction imposed on the credit institution BGL BNP Paribas S.A.

Public Consultation and Feedback Period for Implementing Regulation laying down rules for the application of Directive (EU) 2022/2555 (NIS2 Directive) as regards technical and methodological requirements of cybersecurity risk management measures and further specification of the cases in which an incident is considered to be significant

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…

Administrative sanction of 28 March 2024

Administrative sanction imposed on Zeus Asset Management S.A.

Warning concerning the website www.abnasglobal.com

Please refer to the warning for further information.

Publication of three new questions and answers provided by the European Commission on investment-management-related queries

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…

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

Press release 24/16
As at 31 May 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 5,472.493 billion compared to EUR 5,421.538 billion as at 30 April 2024, i.e.…

Circular CSSF-CPDI 24/41

Survey on the amount of covered deposits held on 30 June 2024

Administrative sanction of 15 November 2023

Administrative sanction imposed on the investment fund manager Kasper Management Garbe Logistic Management Company S.à r.l.

Law of 1 July 2024 (only in French)

(entry into force : 17 January 2025) Law of 1 July 2024 amending: 1° the Law of 5 April 1993 on the financial sector, as amended; 2° the Law of 13 July 2005 on institutions for occupational retirement provision in the form of a SEPCAV…

Annex of Circular CSSF 22/822 (Version of 1 July 2024)

1) high-risk jurisdictions on which enhanced due diligence and, where appropriate, counter-measures are imposed 2) jurisdictions under increased monitoring of the FATF

Adoption of the new banking package – (CRR III/CRD VI)

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…

eDesk/S3 communication means only applicable for AIFM reporting submission as of 1 July 2024

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 –…

CSSF Regulation No 24-05 of 28 June 2024

on the setting of the countercyclical buffer rate for the third quarter of 2024

Final Report: ESMA Common Supervisory Action on the application of MiFID II disclosure rules with regard to marketing communications and advertisements of financial products

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…

Circular CSSF 24/858

Application of the Guidelines of the European Banking Authority on benchmarking of diversity practices, including diversity policies and gender pay gap, under Directive 2013/36/EU and Directive (EU) 2019/2034 (EBA/GL/2023/08)

Administrative sanction of 8 May 2024

Administrative sanction imposed on the investment fund manager Kasper Management

Communication regarding the notification requirements for firms engaging in algorithmic trading or providing direct electronic access to a trading venue

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…

CEAOB launches a public consultation

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…

Communiqué relating to new notification templates for cross-border activities

On 25 March 2024, the European Commission published a set of new Regulatory Technical Standards (RTS or Commission Delegated Regulations (EU) 2024/911 and 2024/912) and Implementing Technical Standards (ITS or Commission Implementing Regulations (EU) 2024/910 and 2024/913) related to the notification of cross-border activities of…

MiCA – Questionnaire for financial entities considering an Article 60 notification

Financial entities covered by Article 60 of MiCA (Market in Crypto Assets Regulation) will have the option to provide crypto-asset services in the Union equivalent to the services and activities for which they are authorised under relevant EU law. A questionnaire is published in order…