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Reminder to the industry on specific communications between the CSSF and the Investment Fund Managers

On 31 January 2024, the CSSF published a communiqué on interaction between the UCI Departments and the Investment Fund Managers (IFMs) – recipients of specific communications. In this context, the CSSF reminds the IFMs that they must keep the email addresses of eDesk users and…

Reminder of the procedures of transmission for Key Information Document (KID) and official documents (MR/AI)

As announced in the 5 April 2024 communication regarding the direct submission of filings to the CSSF, the collection procedures for the Key Information Document (KID) and the official documents (MR/AI) will change starting 15 November 2024. These documents will be collected exclusively through the…

New U1.1 reporting transmission procedures

As announced in the 5 April 2024 communication regarding the direct submission of filings to the CSSF, the methods for transmitting U1.1 reports will change from 15 November 2024. The expected reports may be transmitted using the following methods: A dedicated eDesk procedure An API solution…

UCITS and AIFs cross-border marketing notifications

In order to meet its obligations in relation to the reporting of cross-border marketing of AIFs and UCITS in accordance with Article 13 of Regulation (EU) 2019/1156 on facilitating cross-border distribution of collective investment undertakings, the CSSF would like to inform the supervised entities of…

Administrative sanction of 26 March 2024

Administrative sanction imposed on DNB Asset Management S.A. (deleted from the Luxembourg Trade and Company Register on 26 June 2024)

Administrative sanction of 10 September 2024

Administrative sanction imposed on Corestate Capital Holding S.A.

Circular CSSF 24/862 (only in French)

amending Circular CSSF 24/859 on the replacement of the secure exchange channel for the notification and enforcement of court orders and repeal of Circular CSSF 13/566    

Circular CSSF 24/861

amending Circular CSSF 19/732 of 20 December 2019 on the Prevention of Money Laundering and Terrorist Financing: clarifications on the Identification and Verification of the Identity of the Ultimate Beneficial Owner(s)

Profit and loss account of credit institutions as at 30 June 2024 (only in French)

Press release 24/26
Le résultat avant provisions et impôts du secteur bancaire luxembourgeois1 s’élève à 5.352,9 millions d’EUR pour le premier semestre de l’année 2024, ce qui représente une augmentation de 22,6% par rapport à la même période de l’année précédente. Compte de profits et…

Reminder to the industry in relation to Circular CSSF 22/811 on UCI administrators (UCIAs)

On 16 May 2022, the CSSF published Circular CSSF 22/811 (UCIA Circular) on the authorisation and organisation of entities acting as UCI administrators (UCIAs). The purpose of this communiqué is to remind the investment fund industry of certain requirements under the UCIA Circular. The CSSF…

eDesk PREPROD - A new platform for carrying out tests

The CSSF is setting up a new eDesk PREPROD platform (https://edesk.preprod.apps.cssf.lu/) enabling professionals to test specific procedures. The first procedure available for testing via this new platform is the collection of monthly “EBA ITS Reports” (ALM and LCRDA), from 2 September 2024. The following two…

"EBA ITS Reports": transmission of monthly ALM and LCRDA reports

From 2 September 2024 9 a.m., the methods for collecting monthly “EBA ITS Reports” (ALM and LCRDA) will change: These monthly reports will be collected exclusively via the two methods below: XBRL file submission in the dedicated eDesk procedure Automated submission of the XBRL file…

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

Press release 24/25
As at 31 July 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 5,619.217 billion compared to EUR 5,582.271 billion as at 30 June 2024, i.e.…

Circular CSSF 24/860

Update of Circular CSSF 12/552, as amended by Circulars CSSF 13/563, 14/597, 16/642, 16/647, 17/655, 20/750, 20/759, 21/785, and 22/807, relating to central administration, internal governance and risk management

Transmission of monthly ALM and LCRDA Reports – service interruption on 30 August at 12 p.m.

As a reminder, the collection procedures for the monthly FINREP-COREP (ALM, LCRDA) reports will change starting from 2 September 2024. In this context, we inform you that a service interruption will occur from 30 August 2024 at 12 p.m. until 2 September, 9 a.m. During…

Derogation Takeover Law: SMG Technology Acceleration SE (renamed BigRep SE) - ISIN: LU2859870326

Press release 24/24
In the context of the business combination between SMG Technology Acceleration SE (“SMG SPAC”) and BigRep GmbH (“BigRep GmbH”), the CSSF granted, on 22 August 2024, pursuant to Article 4 (5) of the law of 19 May 2006 on takeover bids (“Takeover…

Mandatory squeeze-out of the shares of Société Financière des Caoutchoucs SA (SOCFIN) under the Squeeze-Out Sell-Out Law (only in French)

Press release 24/23
Le présent communiqué de presse intervient dans le cadre de la procédure de retrait obligatoire initiée en date du 30 mai 2023 par Administration and Finance Corporation SA (ci-après, l’ « Actionnaire Majoritaire ») agissant de concert avec Monsieur Hubert Fabri ainsi que les sociétés…

ESMA publishes translations of its Guidelines on funds’ names using ESG or sustainability-related terms

This communiqué is a follow-up to the CSSF communiqué published on 15 May 2024 announcing the publication by ESMA of its Final Report on Guidelines on funds’ names using ESG or sustainability-related terms (the “Guidelines”). The CSSF hereby informs market participants that the translations of…

New mode of transmission for Key Information Document (KID) and official documents (MR/AI)

As announced in the 5 April 2024 communication regarding the direct submission of filings to the CSSF, the collection procedures for the Key Information Document (KID) and the official documents (MR/AI) will change starting 15 November 2024. These documents will be collected exclusively through the…

Launch of a DORA Readiness Survey

Today, the CSSF launches a DORA Readiness Survey to have a better view of the readiness of the market towards the end of the implementation timeline for DORA, which becomes applicable on 17 January 2025. The aim of this initiative is, primarily, to assess the…