Administrative sanction of 30 November 2022

Administrative sanction imposed on the investment fund manager Pemberton Asset Management S.A.

Warning concerning emails sent from the addresses firstname.surname@placementseurope.finance and firstname.surname@placementeurope.com

The CSSF warns the public of unknown persons who contact without solicitation potential investors and present themselves under the name “Fisher Investments Luxembourg” or “Fisher Investments Europe”. These persons offer investment services including, in particular, a savings account described as a “secured savings account with…

Circular CSSF 23/829

on the application of the Guidelines on the criteria for the exemption of investment firms from liquidity requirements in accordance with Article 43(4) of Regulation (EU) 2019/2033 (EBA/GL/2022/10)

Communication on the publication of two notification templates to be completed when applying for the authorisation of an IFM to the CSSF, respectively when extending the activities of an existing IFM or modifying its shareholding structure

Communication on the publication of two notification templates to be completed when applying for the authorisation of an IFM to the CSSF, respectively when extending the activities of an existing IFM or modifying its shareholding structure. The CSSF published two notification templates entitled “Authorised investment…

AML/CFT controls applied to TCSP activities by certain IFMs

Thematic inspections from November 2021 to January 2022
In July 2020 the CSSF published a money laundering/ terrorist financing (“ML/TF”) sub-sector risk assessment regarding the specialised professionals of the financial sector providing corporate services – Trust and Company Service Provider (“TCSP”) activities. The results of…

Warning concerning the website www.befinance.zd.fr and a fraud scheme misusing the identity of the company Belenus Finance S.A. incorporated under Luxembourg law

The CSSF warns the public of the website www.befinance.zd.fr and the “facebook”-type page named “Belenus Finance” where unknown persons offer online banking services, especially loans, by misusing the name and contact details of the company Belenus Finance S.A. incorporated under Luxembourg law. The CSSF would…

Warning regarding the activities of an entity named Alphanis

The CSSF warns the public of the website https://www.alphanis.org where an unknown entity offers investment and cryptocurrency services under the name “Alphanis” and pretends to be established at “4 Rue Albert Borschette, 1246 Luxembourg”. The CSSF informs the public that an entity named “Alphanis” is…

Administrative sanctions of 28 September 2022

Administrative sanctions imposed on three réviseurs d’entreprises agréés (approved statutory auditors)

eDesk is getting a new design!

The online service eDesk offers more and more functionalities and allows many professionals to carry out their procedures. The CSSF is pleased to announce the launch of the new version of the eDesk digital portal for all professionals. The portal was redesigned to offer a…

Warning regarding the activities of an entity named Mercuria X ou Mercuria Ventures

The CSSF warns the public of the activities of an entity named “Mercuria X” or “Mercuria Ventures” (website: https://mercuriax.com/) which offers investment services and pretends to be supervised by the Commission de Surveillance du Secteur Financier. The CSSF informs the public that the entity named…

CSSF Regulation No 22-08 of 31 December 2022 (only in French)

on the setting of the countercyclical buffer rate for the first quarter of 2023

Warning concerning the website https://www.oorekainter.com/

The CSSF warns the public of the website https://www.oorekainter.com/ where an entity offers online banking services, in particular loans, under the name “OOREKA INTER” and gives the impression of being supervised by the Commission de Surveillance du Secteur Financier in Luxembourg. The CSSF informs the…

Grand-ducal Regulation of 23 December 2022 (only in French)

relating to the fees to be levied by the Commission de Surveillance du Secteur Financier

BaFin product intervention regarding futures

The CSSF would like to draw the attention of supervised entities to the following product intervention measure regarding futures, taken by Germany’s “Federal Financial Supervisory Authority” (“BaFin”) and published on its website on 30 September 2022: BaFin – Administrative Acts – General Administrative Act –…

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

Press release 22/34
As at 30 November 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 5,166.373 billion compared to EUR 5,064.782 billion as at 31 October 2022, i.e.…

Consultation paper on Guidelines

1) amending Guidelines EBA/2021/02 on customer due diligence and the factors credit and financial institutions should consider when assessing the money laundering and terrorist financing risk associated with individual business relationships and occasional transactions (‘The ML/TF Risk Factors Guidelines’) under Articles 17 and 18(4) of…

Circular CSSF 22/828

Amendment of Circular CSSF 20/750 on requirements regarding information and communication (ICT) and security risk management
  Contact:  Questions and comments regarding the “PSP ICT Assessment” form: pspictassessment@cssf.lu

Circular CSSF 22/827

Update of Circular CSSF 07/325 as amended by Circular CSSF 21/765 on provisions relating to credit institutions and investment firms of EU origin established in Luxembourg by way of branches or exercising activities in Luxembourg by way of free provision of services

Warning regarding the activities of an entity named ExpoChains

The CSSF warns the public of the website www.expochains.com where an entity offers investment services under the name “ExpoChains” or “ExpoChains Ltd”, by pretending to be established at “2 Rue des Dahlias, 1411 Luxembourg”. The CSSF informs the public that an entity named “ExpoChains” or “ExpoChains…