SFDR data collection exercise applicable to investment fund managers (IFMs) and institutions for occupational retirement provision (IORPs) on precontractual disclosures in relation to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR) and Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment (TR)

This communiqué follows up on the CSSF communiqué published on 27 July 2022 announcing the intention of the CSSF to launch a data collection exercise related to SFDR and TR. The objective of the present communiqué is to provide industry participants with information regarding the…

Profit and loss account of credit institutions as at 31 December 2022 (only in French)

Press release 23/05
Le résultat avant provisions et impôts du secteur bancaire luxembourgeois1 s’élève à 6.205,3 millions d’EUR pour l’année 2022, ce qui représente une augmentation substantielle de 21,8% par rapport à la même période de l’année précédente. Compte tenu de la hausse importante des…

Circular CSSF 23/831

ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation

Circular CSSF 23/830

Clarification on the public disclosure framework applicable to credit institutions and CRR investment firms (Pillar 3)

Law of 15 March 2023 (only in French)

1° amending : a) the Law of 5 April 1993 on the financial sector, as amended; b) the Law of 5 August 2005 on financial collateral arrangements; c) the Law of 30 May 2018 on markets in financial instruments; 2° implementing Regulation (EU) 2022/858 of…

Circular CSSF 20/751 as amended by Circular CSSF 23/830

Adoption of the Guidelines of the European Banking Authority on management of non-performing and forborne exposures (EBA/GL/2018/06), disclosure of non-performing and forborne exposures (EBA/GL/2018/10)

Warning regarding the activities of the entities I-GLOBAL MANAGEMENT and VAQUITA FUND

The CSSF warns the public of the activities of the entities named “I-GLOBAL MANAGEMENT” and “VAQUITA FUND” which pretend to be registered and supervised by the CSSF. The CSSF informs the public that the entities named “I-GLOBAL MANAGEMENT” and “VAQUITA FUND” are neither registered nor…

Warning concerning the website https://sef-global.com/

The CSSF warns the public of the website https://sef-global.com/ where an entity offers financial services under the name “SE Finance” and pretends to be established at  “88 Grand-Rue, 1660 Luxembourg”. The CSSF informs the public that the entity named “SE Finance” is not supervised by…

CSSF FAQ Sustainable Finance Disclosure Regulation (SFDR)

The FAQs aim at providing further clarity on aspects of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial sector (SFDR).

Publication of the CSSF working paper “Liquidity Stress Test for Luxembourg Investment Funds: the Time to Liquidation Approach”

The CSSF presents in this working paper a liquidity stress testing framework applicable to Luxembourg investment funds. The key characteristics of this liquidity stress testing framework are the following: the estimation of a time to liquidation at the security level, whereby a dynamic dimension is…

Administrative sanction of 30 November 2022

Administrative sanction imposed on the specialised PFS Intertrust (Luxembourg) S.à r.l.

Administrative penalty of 21 December 2022

Administrative penalty imposed on the credit institution Banque Degroof Petercam Luxembourg S.A.

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

Press release 23/04
As at 31 January 2023, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialized investment funds and SICARs, amounted to EUR 5,192.028 billion compared to EUR 5,028.456 billion as at 31 December 2022, i.e.…

Dissolution and judicial liquidation: ANPHIKO ASSET MANAGEMENT S.A.

Press release 23/03
Pursuant to Article 129 of the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, the Luxembourg Tribunal d’Arrondissement (District Court) sitting in commercial matters ordered the dissolution and liquidation of the investment firm incorporated under Luxembourg law…

Examination of professional competence for “réviseurs d’entreprises” (statutory auditors) – 2022 Session (only in French)

24 nouveaux réviseurs d’entreprises ont obtenu le diplôme sanctionnant leur admission à l’examen d’aptitude professionnelle (« EAP »), session 2022. 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…

Unpatched Microsoft Exchange vulnerabilities

533 servers in Luxembourg need immediate attention
The Luxembourg House of Cybersecurity informed the CSSF of an important cyber-security alert that has been issued by CIRCL, the Computer Incident Center Luxembourg. CIRCL published a Technical Report 72 ‘Vulnerable Microsoft Exchange server metrics leading to alarming situation’ available…