Circular CSSF 22/823

Update of Circular CSSF 14/593, as amended by Circulars CSSF 15/613, 15/621, 16/640, 17/663, 18/678, 18/685, 19/715, 19/729, 20/745 and 21/774 on supervisory reporting requirements applicable to credit institutions

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

Press release 22/28
As at 31 October 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 5,064.782 billion compared to EUR 5,037.935 billion as at 30 September 2022, i.e.…

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).

Warning regarding the activities of an entity named BITNANCEX

The CSSF warns the public of the activities of the website https://bitnancex.com, where an entity offers investment services under the name “BITNANCEX”, by pretending to be established at “9B, Avenues des Hauts Forneaux, Esch Sur Alzette, 4362 Luxembourg”. The CSSF informs the public that the…

Communication from the CSSF on Liability Driven Investment Funds

The recent volatility in yields associated with UK Gilts identified a number of vulnerabilities in Liability Driven Investment Funds (“LDI Funds”) across Europe, giving rise to a concerning cycle of collateral calls and forced sales. In this context, the CSSF engaged proactively with the alternative…

Administrative sanction of 19 October 2022

Administrative sanction imposed on the investment firm BOS Wealth Management Europe S.A.

Communiqué relating to crowdfunding service providers

Press release 22/27
This communiqué follows up the “Press release 22/13”, published by the Commission de Surveillance du Secteur Financier (CSSF) as per 10 June 2022 with regard to Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European…

MMF Reporting dashboard – December 2021

This MMF Reporting Dashboard encompasses a set of indicators based on the data reported under Article 37 of the MMF Regulation, with data as from Q1/2020 onwards.
All statistics: link to the “Statistics” page

MiFID rules related to sustainability: application of the requirements relating to product governance

Application of Grand-ducal Regulation of 27 July 2022 amending Grand-ducal Regulation of 30 May 2018 on the protection of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or…

The European Supervisory Authorities call for evidence on greenwashing

On 15 November 2022, the European Supervisory Authorities (EBA, ESMA and EIOPA, hereafter referred to as the “ESAs”) published a Call for Evidence on Greenwashing, aiming at better understanding the key features, drivers and risks associated with greenwashing and to collect examples of potential greenwashing…

Publication by the European Supervisory Authorities of a Q&A on the regulatory technical standards under Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector

The CSSF would like to draw attention to the Q&A published by the Joint Committee of the three European Supervisory Authorities (i.e. EBA, EIOPA and ESMA – hereinafter referred to as the “ESAs”) in respect of Commission Delegated Regulation (EU) 2022/1288) of 6 April 2022…

Warning concerning a fraud scheme misusing the name of Banque Internationale à Luxembourg S.A.

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of unknown persons presenting themselves in blogs under the name “Tiger Trade” and misusing the name of the Luxembourg credit institution Banque Internationale à Luxembourg S.A. These persons offer investment and trading services, pretending…

Warning concerning the website https://www.uncintl.com/home2/sw-cb/index9.php

(published on 18 November 2022, updated on 5 December 2022)
The CSSF warns the public of the website https://www.uncintl.com/home2/sw-cb/index9.php where unknown persons invite potential investors to connect to a platform, by misusing the name and logo of the bank UniCredit International Bank (Luxembourg) S.A. In…

Warning concerning the website www.agilefinancesa.com and unknown persons presenting themselves under the name Agile Finance S.A.

The CSSF warns the public of the website www.agilefinancesa.com and unknown persons who contact, without solicitation, potential investors by presenting themselves under the name “Agile Finance S.A.”. These unknown persons propose investment services, including notably wealth management, by pretending to be established at “14 Boulevard…

Communication on the launch of a Standardised Model Prospectus – a new proposal to support the examination of the prospectus in attachment of an application for approval of a new UCITS

The CSSF is pleased to announce the availability of a Standardised Model Prospectus that applicants can use when submitting an application for approval of a new UCITS. The Standardised Model Prospectus has been developed with the aim to facilitate the drafting of a conventional prospectus…

Warning concerning fraudulent activities by persons misusing the name of the investment firm Orea Capital S.A.

The CSSF warns the public of unknown persons misusing the name of the investment firm Orea Capital S.A., incorporated under Luxembourg law, by contacting without solicitation potential investors to offer investment services, in particular savings accounts with high interest rates. The CSSF would like to…

Warning concerning the usurpation of the name and logo of the CSSF

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of unknown persons who usurp the name and the logo of the CSSF by sending documents called “Customer notification” via the email address format support@commission-financier.online. In doing so, they pretend to be established at…

Warning concerning the website https://www.magentacapital.cl

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website https://www.magentacapital.cl where an unknown entity offers investment services under the name Magenta Capital Management (Santiago de Chile) and misuses the name of the credit institution Swissquote Bank Europe S.A. The CSSF…

Warning regarding the activities of an entity named Standex Capital

The CSSF warns the public of the activities of an entity named Standex Capital (website: www.standex.capital), which offers investment and trading services and pretending to be established at “2 Av. Charles de Gaulle, 1653 Luxembourg”. The CSSF informs the public that an entity named “Standex…

Grand-ducal Regulation of 14 November 2022 (only in French)

providing details on the Law of 19 December 2020 on the implementation of restrictive measures in financial matters

Warning concerning the website https://henkel-finance.com/

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website https://henkel-finance.com/ where an entity offers investment services under the name “Henkel Finance” by pretending to be established at “49 Boulevard Royal, Luxembourg”. The CSSF informs the public that an entity named…

Warning concerning the website https://ei-wealthmanagement.com misusing the name and contact details of the company Eastspring Investments (Luxembourg) S.A.

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website https://ei-wealthmanagement.com where unknown persons offer investment services under the name Eastspring Investments, pretending to be established in Luxembourg and sending emails using the address format Firstname.Surname@ei-wealthmanagement.com. The CSSF informs the public…

Warning concerning the website http://pr-investissements.com/

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website http://pr-investissements.com/ and of unknown persons sending emails using the address format InitialFirstname.Surname@pr-investissements.com, which offer investment services under the name “PR Investissements”, and pretend to be established at “21 Bd Friedrich W.…

Communication to the investment fund industry on SFDR RTS confirmation letter - Update

After expiry of the deadline of 31 October 2022 and taking into account the imminent application date (1.1.2023) of the Commission Delegated Regulation (EU) 2022/1288 of 6 April 2022 supplementing Regulation (EU) 2019/2088, the CSSF would like to confirm that Luxembourg-based UCITS, SIFs, SICARs and UCIs…

AML/CFT controls applied in terms of preventing tax offences

Thematic review November and December 2021
In application of the criminal provisions laid down in the Law of 23 December 2016, the money laundering offence was extended in order to encompass aggravated tax fraud (fraude fiscale aggravée) and tax evasion (escroquerie fiscale). As a consequence,…

Warning concerning fraudulent activities by persons misusing the name and address of the Luxembourg company 3I INVESTMENTS (LUXEMBOURG) S.A.

The CSSF warns the public of unknown persons who contact without solicitation potential investors by presenting themselves as “3I INVESTMENTS” and pretending to be established at “9 rue Sainte Zithe, L-2763 Luxembourg”. In doing so, they send emails with the address format: firstname.surname@3investments.fr. The CSSF…