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Press release

07 July 2020

Profit and loss account of credit institutions as at 31 March 2020 (only in French)

Press release 20/15 La CSSF évalue le résultat avant provisions du secteur bancaire luxembourgeois à 1.242,1 millions d’EUR pour le premier trimestre de l’année 2020. En comparaison annuelle, le résultat avant provisions a connu une forte augmentation de 22,7%. L’augmentation du résultat opérationnel avant provisions…

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CSSF FAQ

07 July 2020

FAQ regarding Circular CSSF 02/77

List of questions/answers in relation to the provisions of Circular CSSF 02/77 concerning the protection of investors in case of NAV calculation error and correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment. The FAQ on Circular CSSF 02/77 applies to UCITS and UCI subject to part II of the 2010 Law and outlines the principles to be applied by SIFs (hereafter “UCI”).

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Circular CSSF

06 July 2020

Circular CSSF 20/745 (only in French)

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

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Interview

03 July 2020

CSSF 4.0: supervision in real-time

Interview with Jean-Pierre Faber, Director of the CSSF, on the technological innovations launched by the CSSF to meet the expectations of its stakeholders. Read the interview here : https://bit.ly/3eVbmRi

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CSSF regulation

03 July 2020

CSSF Regulation N° 20-03 of 30 June 2020 (only in French)

on the setting of the countercyclical buffer rate for the third quarter of 2020

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Circular CSSF

03 July 2020

Circular CSSF 20/744

Complement to Circular CSSF 17/650 “Application of the Law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended (hereinafter “AML/CFT Law”) and Grand-ducal Regulation of 1 February 2010 providing details on certain provisions of the AML/CFT Law (“AML/CFT GDR”) to predicate tax offences”

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CSSF regulation

01 July 2020

CSSF Regulation N° 20-02 of 29 June 2020

on the equivalence of certain third countries with respect to supervision and authorisation rules for the purpose of providing investment services or performing investment activities and ancillary services by third-country firms

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Circular CSSF

01 July 2020

Circular CSSF 20/743 (only in French)

Amendment to Circular CSSF 19/716 regarding the provision in Luxembourg of investment services or performance of investment activities and ancillary services in accordance with Article 32-1 of the LFS

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Press release

30 June 2020

Global situation of undertakings for collective investment at the end of May 2020

Press release 20/14 I. Overall situation As at 31 May 2020, total net assets of undertakings for collective investment, including UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to EUR 4,483.233 billion compared to EUR 4,403.683 billion as at 30 April 2020, i.e. a…

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Warning

29 June 2020

Warning concerning the website www.luxxcapital.com

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.luxxcapital.com where an entity, which presents itself under the name of LuxxCapital, claims to be established at Regus Kirchberg City Centre 3rd floor, 2540 Luxembourg, and at 13 avenue de la…

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Interview

27 June 2020

Claude Marx, Director General of the CSSF, speaks about the impact of Covid-19 on the financial centre within the framework of the annual report "Classement des banques" of the Luxemburger Wort (only in German)

Read the full article here: https://bit.ly/3dDSoNp

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Communiqué

25 June 2020

eDesk/UCI approval – Delegation

In our continuous drive to improve our processes, a new “Delegation” functionality is now available for “UCI approval” requests. As of June 25, 2020, you have the possibility to give read-only access for a specific request to stakeholders (natural persons) concerned, and to manage the…

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Communiqué

25 June 2020

ESMA’s supervisory briefing on the supervision of costs in UCITS and AIFs

The Commission de Surveillance du Secteur Financier (CSSF) informs investment funds that either qualify as undertakings for collective investment in transferable securities (UCITS) or alternative investment funds (AIFs) and their investment fund managers (IFMs), including self-managed UCITS and internally managed AIFs, that on 4 June…

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Warning

24 June 2020

Warning concerning the activities of an entity named RSM Finance

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named RSM Finance which claims, on its website www.rsmfinance.org, to be established in Luxembourg. The CSSF informs the public that the entity named RSM Finance has not been…

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Warning

24 June 2020

Warning concerning the activities of an entity named Finexis Bank

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named Finexis Bank (website: www.finexis-bank.com) which claims to be established at 25 C boulevard Royal, 2449 Luxembourg and which presents itself notably as an online bank. The CSSF…

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Warning

24 June 2020

Warning concerning the activities of an entity named Crypto Trade Center Ltd

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named Crypto Trade Center Ltd (website: www.cryptotradecentr.com) which claims to be established at 51 Boulevard Grande-Duchesse Charlotte, 1330 Luxembourg and to be an investment firm which is regulated…

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CSSF FAQ

Updated on 19 June 2020

FAQ: Covid-19

FAQ of 19 June 2020: Covid-19 – Postponement of the data collection exercises on the remuneration benchmarking and regarding high earners carried out by the EBA at European level and by the CSSF at national level (questions 19 and 20)

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Communiqué

19 June 2020

Coronavirus (Covid-19): Measures requested by the CSSF in the light of the return to working on-site

Following the additional measures for the easing of the lockdown announced by the Luxembourg government, the CSSF requests, while taking into account that the coronavirus is still present in the Grand Duchy and in order to avoid a second wave of infections and ensure operational…

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Warning

17 June 2020

Warning concerning the activities of an entity named Stock21stoptions Ltd

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named Stock21stoptions Ltd (website: www.stock21stoptions.com) which claims to be established at 51 Boulevard Grande-Duchesse Charlotte, 1330 Luxembourg and to be regulated and supervised by the CSSF. The CSSF…

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Communiqué

16 June 2020

Reporting instructions under Article 37 of the Money Market Funds Regulation

The CSSF informs that ESMA has published on 4 June 2020 an amended XML schema (version 1.1) and reporting instructions for MMF reporting on its website : https://www.esma.europa.eu/press-news/esma-news/esma-updates-reporting-instructions-mmf-reporting The CSSF published afterwards the national specifications to be respected by the entities under its supervision in…

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Warning

12 June 2020

Warning regarding the activities of an entity named G&S Global Capital

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named G&S Global Capital (website: www.gsglobalcapital.com) which offers investment services and claims to be established at 19-21 boulevard Prince Henri, 1724 Luxembourg. The CSSF informs the public that…

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Interview

12 June 2020

Big interview with Claude Marx, Director General of the Commission de la Surveillance du Secteur Financier (CSSF), in Paperjam (only in French)

Le coronavirus et le monde de la finance, les défis en matière de réglementation, l’avenir de la place : https://bit.ly/2MJJ1Rj

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