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Panorama 2020
COVID-19, Brexit, impact of financial innovation... everything you need to know about the challenges faced by the CSSF in 2020, the responses it has provided, the main regulatory projects it has worked on...
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21 September 2021
Reappointment of Jean-Pierre Faber as CSSF Director
HRH Grand Duke Henri decided, on the proposal of the Government in Council, to renew the mandate of Jean-Pierre Faber as Director of the CSSF for a period of 5 years. Jean-Pierre Faber began his career at the consulting firm Arthur Andersen, before joining Ernst…
10 September 2021
WARNING: Conference LËTZ CHANGE
The Commission de Surveillance du Secteur Financier (CSSF) warns the public concerned of false information contained in the information flyer presenting the conference called “LËTZ CHANGE : TOGETHER FOR AN INCLUSIVE AND RESPONSIBLE WORLD” scheduled for 15 March 2022 at the European Convention Center Luxembourg. The…
2 September 2021
Entry into force of the new regulatory provisions applicable to investment firms
In order to provide investment firms with a dedicated framework, which is better suited and harmonised, the IFD package introduces a new classification methodology, defines new prudential requirements and a new reporting framework and reforms certain rules regarding governance. New regulatory provisions applicable to investment…
24 September 2021
- Circular CSSF
Circular CSSF 21/782
Adoption of the revised guidelines, by EBA, on money laundering and terrorist financing risk factors
24 September 2021
- Warning
Warning concerning the website www.demergon-fund.com
The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.demergon-fund.com through which an entity offers investment services under the name Demergon Fund. The CSSF would like to point out that the Luxembourg company Demergon Funds, which is duly authorised in…
23 September 2021
- Circular CSSF
Circular CSSF-CODERES 21/13
Single Resolution Fund – Information request by the Single Resolution Board for the calculation of the 2022 ex-ante contribution according to Articles 4 and 14 of the Commission Delegated Regulation (EU) 2015/63
23 September 2021
- Circular CSSF
Circular CSSF 21/781
Mandatory use of the IMAS Portal for banking qualifying holding and passporting notifications
22 September 2021
- Communiqué
Investment Fund Managers are invited to declare via a new dedicated eDesk application the performance fee models applicable to Luxembourg UCITS or AIF they manage
In November 2020, the European Securities and Markets Authority (“ESMA”) published its guidelines on performance fees applicable to UCITS and certain types of AIFs (the “Guidelines”). The Guidelines aim to promote greater convergence and standardisation in the field of performance fees. In particular, they aim…
22 September 2021
- Warning
Warning concerning the website www.lfeeuam.com
The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.lfeeuam.com where an entity offers investment services under the name LFE European Asset Management S.à r.l., while pretending to be established at 26A, boulevard Royal, L-2449 Luxembourg and to be registered…
21 September 2021
- Press release
Reappointment of Jean-Pierre Faber as CSSF Director
HRH Grand Duke Henri decided, on the proposal of the Government in Council, to renew the mandate of Jean-Pierre Faber as Director of the CSSF for a period of 5 years. Jean-Pierre Faber began his career at the consulting firm Arthur Andersen, before joining Ernst…
16 September 2021
- Warning
Warning regarding the activities of an entity named Pinecone Tokenised Fund
The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named Pinecone Tokenised Fund which pretends to be registered as alternative investment fund in Luxembourg. The CSSF informs the public that this entity is unknown to it and…
14 September 2021
- Warning
Warning regarding the activities of an entity named 24NewsTrade
The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named “24NewsTrade” which, on the website www.24news.trade, offers investment services and pretends to be established at 32-36 bd d’Avranches, 1160 Luxembourg. The CSSF informs the public that the…
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13 September 2021
- CSSF FAQ
FAQ regarding the AML/CFT Market Entry Form (Funds and IFMs)
This publication refers to a list of questions/answers (FAQ) in relation to the completion of the AML/CFT Market Entry Form (Funds and IFMs) in eDesk.
13 September 2021
- Warning
Warning regarding the activities of an entity named Market Bull LTD
The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named “Market Bull LTD” (website: www.marketbull.co.uk), which offers investment services and pretends to be established in London and to be authorised and regulated by the Commission de Surveillance…
10 September 2021
- Warning
WARNING: Conference LËTZ CHANGE
The Commission de Surveillance du Secteur Financier (CSSF) warns the public concerned of false information contained in the information flyer presenting the conference called “LËTZ CHANGE : TOGETHER FOR AN INCLUSIVE AND RESPONSIBLE WORLD” scheduled for 15 March 2022 at the European Convention Center Luxembourg. The…
9 September 2021
- Warning
Warning concerning fraudulent activities misusing the contact details of the Luxembourg company Bellecour Capital
The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities misusing the contact details of the company incorporated under Luxembourg law Bellecour Capital. Unknown persons contact without solicitation possible investors and present themselves using the name “Bellecour Capital”. These persons offer…
7 September 2021
- Warning
Warning concerning the website www.llffinancial.com
The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.llffinancial.com where an entity offers investment services, pretends to be established at 23 rue Aldringen, L-1118 Luxembourg and to be regulated by the Commission de Surveillance du Secteur Financier and misuses…
7 September 2021
- Warning
Warning concerning the website www.dje-investment.com
The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.dje-investment.com where an entity offers investment services and pretends to be established at 4, rue Thomas Edison, L-1445 Strassen Luxembourg. The CSSF informs the public that the entity presenting itself on…
3 September 2021
- Warning
Warning regarding the activities of the entities named "TheMerit Finance" and "Advanced Relief Fund Mining"
The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of the entities named “TheMerit Finance” and “Advanced Relief Fund Mining” which use the websites www.themeritfinance.com and www.arfmining.com and which offer investment services by pretending to be established at 43 Avenue…
2 September 2021
- Warning
Warning concerning the website https://myaccountorbit.com/
The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website https://myaccountorbit.com/ and of emails sent by one person or more using the email address format “name.surname@orbit-private.com” in order to offer investment services by misusing the name of the investment firm incorporated…
2 September 2021
- Communiqué
Entry into force of the new regulatory provisions applicable to investment firms
In order to provide investment firms with a dedicated framework, which is better suited and harmonised, the IFD package introduces a new classification methodology, defines new prudential requirements and a new reporting framework and reforms certain rules regarding governance. New regulatory provisions applicable to investment…
31 August 2021
- Communiqué
Update in relation to the requirement to submit liquidation period extension requests for funds in non-judicial liquidation
Liquidation period extension requests for funds in non-judicial liquidation will no longer be required, effective immediately. The CSSF will monitor the status of the liquidation via the semi-annual reports on the progress of the liquidation submitted by the liquidator who will be using the form…
31 August 2021
- Communiqué
ESMA Guidelines on Article 25 of Directive 2011/61/EU (AIFMD) applicable as from 23 August 2021
The Guidelines on Article 25 of Directive 2011/61/EU (AIFMD) concerning leverage-related systemic risk in the alternative investment funds sector were published on the European Securities and Markets Authority (ESMA) website on 17 December 2020 and were designed to be applicable two months after the publication of…
30 August 2021
- Communiqué
COVID-19: update on operational working arrangements
The coronavirus is still active and it is important that the entities under the supervision of the CSSF, as everyone else, help prevent the spread of the virus, while ensuring their business continuity. It is up to the supervised entities to define their operational working…
27 August 2021
- Press release
Global situation of undertakings for collective investment at the end of July 2021
Press release 21/22
As at 31 July 2021, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialized investment funds and SICARs, amounted to EUR 5,541.371 billion compared to EUR 5,487.526 billion as at 30 June 2021, i.e.…
26 August 2021
- Circular CSSF
Circular CSSF 21/780
ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation – Update 2020 (ESMA/34-49-289)