The CSSF published a white paper on DLT and blockchain

Press release 21/33 In light of the many questions surrounding Distributed Ledger Technology (DLT) and blockchain, the Commission de Surveillance du Secteur Financier (CSSF) is sharing its advice on assessing the risks when designing or implementing a project using DLT by publishing a white paper.
DLT,…
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Launch of the ESMA Common Supervisory Action on valuation of UCITS and open-ended AIFs

On 20 January 2022, the European Securities and Markets Authority (ESMA) launched, in accordance with the announcement hereafter, a Common Supervisory Action (CSA) with national competent authorities (NCAs) on valuation of UCITS and open-ended AIFs (“CSA on valuation”) across the European Union: ESMA launches a…

The CSSF published a white paper on DLT and blockchain

Press release 21/33 In light of the many questions surrounding Distributed Ledger Technology (DLT) and blockchain, the Commission de Surveillance du Secteur Financier (CSSF) is sharing its advice on assessing the risks when designing or implementing a project using DLT by publishing a white paper.
DLT,…

White paper – Distributed Ledger Technologies (DLT) and blockchain

Technological risks and recommendations in the financial sector
Distributed Ledger Technology (DLT) is a technology that has been used for many years. Its potential has been emphasised in 2008, through the development of the blockchain (which is a particular type of DLT) on which the…

Warning regarding the activities of an entity named "Stocks 247 fx"

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named “Stocks 247 fx” which, on the website www.stocks247fx.com, offers investment services and pretends to be established at “Gde-Duchesse Charlotte, Luxemburg” and to be authorised and regulated by…

Circular CSSF 22/792

Application of the Guidelines of the European Securities and Market Authority on Settlement Fails Reporting under Article 7 of CSDR (ESMA70-156-4717).

Warning concerning the activities of an entity named Fraud Protection Assosiation

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named “Fraud Protection Assosiation” which, on the website www.thefpa.net presents itself as an association for the protection against frauds and pretends to be established at 21 Rue Glesener, 1631…

Warning concerning the website www.kpxinternationalholdings.com

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.kpxinternationalholdings.com where an entity offers investment services by misusing the name and address of the company incorporated under Luxembourg law KPX International Holdings S.à r.l. The CSSF informs the public that…

EBA alerts on the detrimental impact of unwarranted de-risking and ineffective management of money laundering and terrorist financing risks

EBA communiqué
The European Banking Authority (EBA) published today its Opinion on the scale and impact of de-risking in the EU and the steps competent authorities should take to tackle unwarranted de-risking. Providing access to at least basic financial products and services is a prerequisite…

Circular CSSF 22/791

specifying the criteria to assess the exceptional cases when institutions exceed the large exposure limits of Article 395(1) of Regulation (EU) No 575/2013 and the time and measures to return to compliance pursuant to Article 396(3) of Regulation (EU) No 575/2013 (EBA/GL/2021/09)

Warning regarding fraudulent activities where the name of the payment institution Olky Payment Service Provider S.A. is being misused

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of unknown people misusing the name and address of the Luxembourg payment institution Olky Payment Service Provider S.A. These people contact without solicitation consumers and offer investment products. By doing so, they send emails…

Global situation of undertakings for collective investment at the end of November 2021

Press release 21/32
As at 30 November 2021, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to EUR 5,749.910 billion compared to EUR 5,718.484 billion as at 31 October 2021, i.e.…

ESRB recommendation on the use of the LEI for the identification of legal entities

On 24 September 2020, the ESRB issued a recommendation on the use of LEI codes for the identification of legal entities (see ESRB/2020/12). This recommendation aims at promoting the adoption and the use of LEI codes for all legal entities involved in financial transactions, especially…

Warning regarding the activities of an entity named Keller & Favre

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of an entity named “Keller & Favre” (website : www.kf-finance.net) which offers investment services and pretends to be established at 1 rue Val-Sainte-Croix, Luxembourg. The CSSF informs the public that the entity presenting itself on…

CSSF Regulation No 21-05 of 24 December 2021 (only in French)

on the setting of the countercyclical buffer rate for the first quarter of 2022