Latest

Loading...

Communiqué regarding the CSSF’s position on eligible investors for UCIs investing in virtual assets

The CSSF has updated its FAQ Virtual Assets – Undertakings for collective investment in relation to the marketing of UCIs investing directly or indirectly in virtual assets. AIFs may now invest directly (and indirectly) in virtual assets under the condition that their units are only…

Examination of professional competence for “réviseurs d’entreprises” (statutory auditors) – 2023 Session (only in French)

31 nouveaux réviseurs d’entreprises ont obtenu le diplôme sanctionnant leur admission à l’examen d’aptitude professionnelle (« EAP »), session 2023. Ce diplôme est l’aboutissement d’un important parcours de formation et est octroyé à la suite de la réussite d’une épreuve écrite de six heures et d’une épreuve…

Administrative penalty of 17 November 2023

Administrative penalty imposed on the credit institution Mizuho Trust & Banking (Luxembourg) S.A.

Administrative penalty of 3 October 2023

Administrative penalty imposed on the investment firm Moventum S.C.A.

Reminder to the attention of the depositors of Fortuna Banque s.c. (in judicial liquidation)

Press release 24/06
This press release follows the precedent press release published on 12 October 2023 on the website of Fonds de garantie des dépôts Luxembourg (“FGDL”) (www.fgdl.lu) On 12 October 2023, the Luxembourg Tribunal d’arrondissement (District Court) ordered the liquidation of Fortuna Banque s.c.…

Press release concerning the SRM Vision 2028 strategy

A new vision for Europe’s Single Resolution Mechanism is launched in Brussels

Critical FortiOS vulnerabilities

The CSSF has been made aware of recent critical FortiOS vulnerabilities in sslvpnd and fgfmd, CVE-2024-21762 and CVE-2024-23113. These vulnerabilities allow a remote unauthenticated attacker to execute arbitrary code or command. CIRCL, the Computer Incident Center Luxembourg, published a technical report on this subject, including…

Administrative sanction of 9 February 2024

Administrative sanction imposed on Corestate Capital Holding S.A.

Circular letter

2023 Questionnaire on financial crime

Press release concerning East-West United Bank S.A.

Press release 24/03
The CSSF informs the public that, in accordance with point (1) of Article 129(1) of the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, the Luxembourg Tribunal d’arrondissement (District Court) dealing with commercial matters, ordered,…

Press release concerning the judicial liquidation of East-West United Bank S.A. – Activation of the Luxembourg Investor Compensation Scheme (SIIL)

Press release 24/04
On 7 February 2024, the Luxembourg Tribunal d’arrondissement (District Court) ordered the judicial liquidation of East-West United Bank S.A. (hereinafter “EWUB”). As a result, the Luxemburgish investor compensation scheme (SIIL) is activated, in accordance with Article 197(1) of the Law of 18…

Publication of the update of the Private Banking Sub-Sector ML/TF Risk Assessment

With assistance from the members of the Expert Working Group on Private Banking (EWG PB), which includes representatives of the private banking sector, the ABBL, the FIU and the CSSF, the CSSF has updated its Private Banking Sub-Sector Risk Assessment (PBSSRA) of 2019. Since the…

Administrative sanction of 6 February 2024

Administrative sanction imposed on Corestate Capital Holding S.A.

Publication of Circular CSSF 24/853 on the revised long form report for investment firms

The CSSF published today Circular CSSF 24/853 revising the framework of the long form report applicable to investment firms and amending the scope of application of Circular CSSF 03/113. The revision of the long form report is the result of a thorough reconsideration of its…

Circular CSSF 24/853

Long Form Report – Practical rules concerning the self-assessment questionnaire to be submitted by investment firms – Mission and related reports of the réviseurs d’entreprises agréés (approved statutory auditors)

2022 climate-related disclosures: Gap analysis

Thematic review on issuers’ sustainability statements on the verge of the CSRD entry into force

Ivanti active vulnerabilities exploited in Luxembourg

The CSSF has been made aware of recent severe security vulnerabilities, CVE-2023-46805, CVE-2024-21887, CVE-2024-21888 and CVE-2024-21893, which are actively exploited in Luxembourg. As mentioned on the national cybersecurity portal: “Successful exploitation of the vulnerabilities in these affected products enables a cyber threat actor to seize…

New communication means for AIFM reporting as of 31 January 2024

From 31 January 2024, an eDesk procedure will be available for alternative investment fund managers to transmit their AIFM reporting. This new communication mean enriches the API solution available since 02 November 2023 allowing professionals to exchange directly with the CSSF, without using the external…

Global situation of undertakings for collective investment at the end of December 2023

Press release 24/02
As at 31 December 2023, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to EUR 5,285.010 billion compared to EUR 5,152.229 billion as at 30 November 2023, i.e.…

Interaction between the UCI Departments and the Investment Fund Managers – recipients of specific communications

Pursuant to Circular CSSF 19/721 – Dematerialisation of requests to the CSSF and to further improve the transmission of specific communications (such as surveys, data collection exercises, thematic requests) whilst ensuring the protection of confidential data, the CSSF informs the Investment Fund Managers (IFMs) that,…

CSSF Regulation No 24-02 of 26 January 2024

relating: 1) to the adoption of auditing standards in the field of statutory audit under the Law of 23 July 2016 concerning the audit profession; 2) to the adoption of standards on professional ethics and on quality management under the Law of 23 July 2016…

The CSSF released its ISQM1 implementation thematic report

The International Standard on Quality Management 1 (“ISQM 1” or the “Standard”) which deals with an audit firm’s responsibilities to design, implement and operate a system of quality management for audits or reviews of financial statements, or other assurance or related services engagements, entered into…

Looking back on the 2024 CSSF AML/CFT Conference for Specialised PFS

In order to foster interaction with the Specialised PFSs under its supervision, the Commission de Surveillance du Secteur Financier (CSSF) held an online conference on 22 January 2024 highlighting the key issues on AML/CFT for the sector. Representatives of the Luxembourg Ministry of Justice and…

Circular CSSF 24/851

Application of the Guidelines of the European Banking Authority on overall recovery capacity in recovery planning (EBA/GL/2023/06)

Administrative sanction of 23 October 2023

Administrative sanction imposed on an investment fund manager