Panorama 2021

Sustainable finance, data, financial innovation, mortgage credits… the directors and experts of the CSSF discuss topics which caught their attention in recent months.
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The Committee of European Auditing Oversight Bodies (CEAOB) has issued its report aggregating the results of its thematic review on "Materiality in the context of an audit"

The CEAOB, which is the framework for co-operation between national audit oversight bodies at an EU level, has recently issued its report on “Materiality in the context of an audit” which aggregates the results of the thematic review carried out by its members in 2020…

Administrative sanction of 9 June 2022

Administrative sanction imposed on a “réviseur d’entreprises agréé”

AML/CFT: The ABBL, the CRF and the CSSF sign a public-private partnership

Press release 22/23
In order to further strengthen their collaboration in the fight against money laundering and the financing of terrorism, the Luxembourg Bankers’ Association (ABBL), the Cellule de Renseignement Financier (CRF) and the Commission de Surveillance du Secteur Financier (CSSF) have signed a Public…

Administrative sanction of 26 July 2022

Administrative sanction imposed on the specialised PFS Maitland Luxembourg S.A.

Warning regarding the activities of an entity named AHE Finance (https://ahe-finance-ltd.com/)

The CSSF warns the public of the website https://ahe-finance-ltd.com/ where an entity offers online banking services, notably loans, under the name “AHE Finance” and pretends to be established at 49, Boulevard Prince Henri. The CSSF informs the public that an entity named “AHE Finance“ is unknown…

Profit and loss account of credit institutions as at 30 June 2022

Press release 22/22
Profit before provisions and taxes of the Luxembourg banking sector[1] amounted to EUR 3,042.4 million for the first half of 2022, i.e. a 9.8% increase year-on-year. However, taking into account the provisions resulting from the developments related to the war in Ukraine,…

Warning concerning the website www.fsslux.com and fraudulent activities by persons misusing the name of the company FSS - Financial Services Solutions S. à r.l.

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.fsslux.com and of unknown persons offering investment services under the name “FS Solutions” and “Financial Services Solutions Sàrl”. In doing so, they send emails with the address format Firstname.Surname@fsslux.com and misuse…

Communication regarding the pre-marketing notifications

Following the publication of Circular CSSF 22/810 on 12 May 2022 and the introduction of the new eDesk module – ePassporting on 1 July 2022 regarding the marketing notification and de-notification procedures, the following supervised entities must send pre-marketing notifications exclusively via the eDesk Portal…

Communication to the investment fund industry on SFDR RTS confirmation letter

By Communiqué “Communication to the investment fund industry on regulatory requirements in relation to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR) and upcoming entry into force of SFDR Level 2 provisions (SFDR RTS)”, published on 27 July 2022, the CSSF…

Warning regarding fraudulent activities by persons misusing the name of the Luxembourg company a&t capital S.A.

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of unknown persons who contact without solicitation potential investors by presenting themselves under the name “A&T Capital” and by using the email address format contact@conseil-atcapital.com to offer, among other things, a so-called investment account…

Administrative sanctions of 4 and 17 May 2022

Administrative sanctions imposed on the investment firm Fuchs & Associés Finance S.A.

Global situation of undertakings for collective investment at the end of July 2022

Press release 22/21
As at 31 July 2022, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to EUR 5,379.049 billion compared to EUR 5,169.618 billion as at 30 June 2022, i.e.…

Updated User Guide concerning the reporting under Art.37 of the MMFR

The CSSF informs that it has published on 30 August 2022 on its website an updated version of the “User Guide concerning the reporting under Art.37 of the MMFR” which was firstly published on 4 May 2021: User Guide concerning reporting under Art.37 of the MMFR…

New notification template for delegating critical or important tasks related to UCI administration

The CSSF published a notification template (“the template”) to be used as of 24 August 2022 by entities in scope of Circular CSSF 22/811 when delegating a critical or important operational task relating to UCI administration, in accordance with point 100 of Circular CSSF 22/811.…