Markets in Crypto-Assets (MiCA/MiCAR)

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New eDesk procedure - IPU Threshold monitoring

(for credit institutions)
From 1 March 2024, the CSSF will start collecting IPU (Intermediate Parent Undertaking) Threshold monitoring reports from credit institutions (subsidiaries and branches) belonging to third-country groups (TCGs), on behalf of the European Banking Authority (EBA). The purpose of this reporting is to…

Circular CSSF 24/854

Guidelines for the collective investment sector on the AML/CFT Summary Report RC (“SRRC”)

MiCA (Markets in crypto-assets)

In the context of the upcoming application of the MiCA regulation, the CSSF invites entities considering a notification or submission of an authorisation file with a view to the provision of CASP services or the issuance of ART or EMT to contact it now to…

Global situation of undertakings for collective investment at the end of January 2024

Presse release 24/07
As at 31 January 2024, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to EUR 5,326.332 billion compared to EUR 5,285.010 billion as at 31 December 2023, i.e.…

Deactivation of the IFM notifications on fund issues and large redemptions via eDesk and of the reporting Early Warning on Large Redemptions

On 25 February 2022, the CSSF implemented a specific monitoring of the circumstances and risks to which investment fund managers (“IFMs”) were exposed to as a result of the prevailing market conditions relating to the situation in Ukraine / Russia. Since then, these IFMs notified…

Annex of Circular CSSF 22/822 (Version of 26 February 2024)

1) high-risk jurisdictions on which enhanced due diligence and, where appropriate, counter-measures are imposed 2) jurisdictions under increased monitoring of the FATF Version of 26 February 2024

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)