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Suspension of payments: OPPORTUNITE LUXEMBOURG S.A. – Appointment of an administrator

Press release 24/10
In accordance with Article 122 of the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, the Tribunal d’arrondissement de et à Luxembourg (Luxembourg District Court) dealing with commercial matters, decided, by a judgment of 28…

Circular CSSF 24/856

on the Investor protection in case of a NAV calculation error, a non-compliance with investment rules and other errors at the level of a UCI

The CSSF publishes the reform of Circular CSSF 02/77 on NAV calculation errors and investment breaches

Considering the CSSF’s important mandate of investor protection and in view of the regulatory developments since 2002, the developments of the supervisory practices of the CSSF and the market evolution with regard to the activities of undertakings for collective investment (UCI), the Commission de Surveillance…

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

Press release 24/09
As at 29 February 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 5,393.311 billion compared to EUR 5,326.332 billion as at 31 January 2024, i.e.…

Communiqué regarding new reporting procedure for ICT-related incident reporting according to Circular CSSF 24/847

As indicated in our communiqué published on 5 January 2024 related to ICT-related incident reporting, we publish today further guidance related to the submission channels and procedure to be followed when submitting an ICT-related incident notification under Circular CSSF 24/847. We remind Supervised Entities that…

Circular CSSF-CPDI 24/40

Survey on the amount of covered deposits held on 31 March 2024

EMIR REFIT reporting goes live on 29 April 2024

The CSSF reminds all counterparties involved in derivatives transactions of the upcoming entry into force of the new EMIR REFIT reporting on 29 April 2024. In this context, the CSSF wants to draw the attention of counterparties to the following elements, with a particular emphasis on…

Digital Operational Resilience Act (DORA)

The CSSF launched today a new web page dedicated to the Digital Operational Resilience Act (DORA) which will be applicable to no less than 20 types of financial entities as from 17 January 2025. The objective of the web page is to provide financial entities…

The CSSF’s supervisory priorities in the area of sustainable finance

Update March 2024
The objective of this present document is to give a general overview of the CSSF’s supervisory priorities in the area of sustainable finance. As the supervisory authority of the financial sector, the CSSF strives to accompany the transition of the financial sector…

Second stage of the ESMA Common Supervisory Action (CSA) on sustainability risks and disclosures in the investment fund sector

On 6 July 2023 the European Securities and Markets Authority (ESMA) announced the launch of a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) across the European Union on the integration of sustainability risks and disclosures. The aim of the CSA is to investigate…

Administrative penalty of 19 February 2024

Administrative penalty imposed on the professional of the financial sector POST Luxembourg

Administrative sanction of 23 February 2023

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

Circular CSSF 24/855

Application of the Guidelines of the European Securities and Markets Authority on transfer of data between Trade Repositories under EMIR and SFTR

Commission des normes comptables (CNC) publishes two Q&As (only in French)

La CSSF souhaite attirer l’attention sur la publication par la Commission des normes comptables de deux « Questions / Réponses » qui sont accessibles en ligne dès à présent sur son site Internet sous la section « Actualités » (https://www.cnc.lu/actualites) et sous la section « Publications », sous-section « Doctrine » (https://www.cnc.lu/publications/doctrine) dont…

Profit and loss account of credit institutions as at 31 December 2023 (only in French)

Press release 24/08
Le résultat avant provisions et impôts du secteur bancaire luxembourgeois1 s’élève à 8.942 millions d’EUR pour l’année 2023, ce qui représente une hausse de 45,1% par rapport à l’année précédente. Compte tenu des dotations aux provisions pour risques, qui marquent un retour…

Crypto4Winners

The CSSF invites you to read the communiqué of the Luxembourg Prosecutor’s Office regarding the so-called « Crypto4Winners » case.

Communiqué in relation to the "Bureau de gestion des avoirs"

With regard to the Bureau de gestion des avoirs, “BGA”, the CSSF would like to draw the attention to the obligations that derive from the Law of 22 June 2022 on the management and recovery of seized or confiscated assets (hereinafter, “the Law”) which came…

Update of the Reporting Handbook and new eDesk procedure for IPU threshold monitoring

The CSSF publishes an updated version of the Reporting Handbook for investment firms (v.1.3), which integrates precisions with respect to the requirement to submit final versions of some EU reporting templates and the introduction of the IPU (Intermediate Parent Undertaking) Threshold Monitoring module. As previously announced via…

First joint Report on the Luxembourg Derivatives Market

The Commission de Surveillance du Secteur Financier (CSSF) and Commissariat aux Assurances (CAA) present their first joint Report on the Luxembourg Derivatives Market. This report aims to provide an overview of the state of play under EMIR, while also providing insights into the CSSF’s and…

Payment of variable remuneration in non-SNI IFR investment firms: findings of non-compliance during the EBA's benchmarking exercise on remuneration practices for financial year 2022

In 2023, the CSSF collected data in the framework of the benchmarking exercise on remuneration practices led by the European Banking Authority (“EBA”) for the financial year 2022. The sample used for the exercise notably included class 2 investment firms (non-SNI IFR IF, hereinafter the…

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…