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02 December 2020 - Warning

Warning concerning a fraud scheme misusing the name of the Luxembourg authorised bank Fortuna Banque S.C. Luxembourg S.A.

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of fraudulent activities taking place in France by misusing the name, the logo and the graphic design of the authorised Luxembourg credit institution Fortuna Banque S.C. The fraudsters impersonating advisors of the bank use…

02 December 2020 - Warning

Warning regarding the website www.stocksons.com

For reasons of topicality, the Commission de Surveillance du Secteur Financier (CSSF) draws again the attention of the public to its warning published on 14 April 2020 and warns the public of the website www.stocksons.com, where an entity, which claims to be established at 26…

27 November 2020 - Warning

Warning regarding the website www.byblos-holding.com

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.byblos-holding.com where an entity offers investment services under the name Byblos Invest Holding. The CSSF informs the public that the entity, which presents itself as Byblos Invest Holding, is not regulated…

27 November 2020 - Press release

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

Press release 20/25
As at 31 October 2020, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to EUR 4,674.665 billion compared to EUR 4,696.186 billion as at 30 September 2020, i.e. an decrease of…

26 November 2020 - CSSF FAQ

Frequently Asked Questions - Investor compensation scheme Luxembourg

Version 1, November 2020
26 November 2020 - Communiqué

Publication of two IOSCO reports on Money Market Funds

The CSSF would like to hereby inform market participants that IOSCO has recently published two reports relating to Money Market Funds. The Thematic Review on consistency in implementation of Money Market Funds reforms assesses the legislative and regulatory frameworks of the 9 largest Money Market…

24 November 2020 - CSSF FAQ

FAQ concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment – version 10

Version 10, 24 November 2020
23 November 2020 - Communiqué

The EBA reminds financial institutions of the need for readiness in view of the Brexit transition period ending on 31 December 2020

On 9 November 2020 the European Banking Authority (EBA) published a communication reminding financial institutions affected by the end of the transition period to finalise the full execution of their contingency plans before the end of the transition period on 31 December 2020. The EBA…

20 November 2020 - Press release

Common press release from the Commission de Surveillance du Secteur Financier (CSSF), the Parquet de Luxembourg and the bankruptcy receiver in relation with the bankruptcy of the public limited company CYBERservices Europe S.A.

Press release 20/24
It is brought to the attention of the public, that following the judgment of the District Court of and in Luxembourg of October 30, 2020, the payment institution, constituted in the form of a public limited company under Luxembourg law, CYBERservices Europe S.A., established and…

20 November 2020 - Communiqué

Highlights of the CSSF’s 2020 AML/CFT for the collective investment sector conference

Close to 850 representatives of supervised entities attended this year’s AML/CFT for the collective investments sector conference, which was organised as a webinar. We come back on the major talking points of this event via a series of podcasts: What’s new on the AML/CFT front…

20 November 2020 - Warning

Warning regarding a person named Andrey Doronin

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of a person named Andrey Doronin who pretends to be a member of the CSSF’s staff. In the case brought to our attention, this person presented, among others, a work certificate with the forged…

19 November 2020 - Press release

Communication by the UK Financial Conduct Authority (FCA) to Luxembourg-based entities regarding the UK Temporary Permissions Regime (TPR)

Press release 20/23
In the context of Brexit, the UK Financial Conduct Authority (FCA) asked the CSSF to channel to Luxembourg-based entities the following communication regarding the UK Temporary Permissions Regime (TPR). The following text is a literal transcription of the FCA’s communication: “The TPR will enable relevant…

18 November 2020 - Circular CSSF

Circular CSSF-CODERES 20/11

Single Resolution Fund – Information request by the Single Resolution Board for the calculation of the 2021 ex-ante contribution according to Articles 4 and 14 of the Commission Delegated Regulation (EU) 2015/63
18 November 2020 - Warning

Warning regarding the website www.capfinance-gestion.com

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.capfinance-gestion.com where an entity, which claims to be established at 12D, Impasse Drosbach, Luxembourg, and 4 rue T. Edison, Luxembourg, respectively, offers investment services (including investment accounts) under the name Cap…

17 November 2020 - Communiqué

ESMA report relating to ESRB Recommendation on Liquidity Risk in Investment Funds published

As a response to the ESRB recommendation issued on 6 May 2020 (see our earlier communication: https://www.cssf.lu/en/2020/06/esrb-covid-19-related-policy-actions-implications-for-investment-funds/), ESMA and the national competent authorities undertook a focused piece of supervisory engagement with investment funds having significant exposure to corporate debt and real estate assets. The objective…

16 November 2020 - Warning

Warning concerning the website www.otc-markets.eu

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.otc-markets.eu where an entity, which claims to be established at 121 avenue de la Faïencerie, L-1511 Luxembourg, offers investment services under the name of OTC Markets or Brokerhouse OTC. The CSSF…

13 November 2020 - Warning

Warning concerning the website https://energie-5.com

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website https://energie-5.com where an entity, which claims to be established at 27B Boulevard Marcel Cahen, Luxembourg and at 50 Avenue JF Kennedy, Luxembourg, respectively, offers investment services under the name Energie 5.…

12 November 2020 - Warning

Warning regarding the activities of an entity named GCG International

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named GCG International which lists, on its website www.gcginternational.net, a Luxembourg contact phone number. The CSSF informs the public that GCG International is unknown to it and that…

11 November 2020 - Communiqué

Publication of the second EBA Report on the application of the Guidelines on Product Oversight and Governance (POG) arrangements

The CSSF would like to draw the attention of the public to the publication of the second EBA Report on the application of the Guidelines on Product Oversight and Governance (POG) arrangements (the “Report”). The Report highlights findings from the EBA’s second assessment of the…

10 November 2020 - Press release

ESMA issues statement to address upcoming end of transition period with regards to reporting, recordkeeping, reconciliation, data access, portability and aggregation of derivatives reported under Article 9 of EMIR and Article 4 of SFTR

Press release 20/22
The CSSF draws attention to the statement published by ESMA on 10 November 2020, on issues affecting reporting, recordkeeping, reconciliation, data access, portability and aggregation of derivatives reported under Article 9 of Regulation (EU) No 648/2012 of the European Parliament and of the Council of…

09 November 2020 - Circular CSSF

Circular CSSF 20/756

Application of the Guidelines of the European Banking Authority on the determination of the weighted average maturity (WAM) of the contractual payments due under the tranche in accordance with point (a) of Article 257(1) of Regulation (EU) No 575/2013 (EBA/GL/2020/04)
06 November 2020 - Communiqué

Application of Regulation (EU) 2019/2088 on the sustainability-related disclosures in the financial services sector and related technical standards

The CSSF would like to bring to the attention of financial market participants and financial advisers that the European Commission (hereinafter the “Commission”) confirmed the application dates of Regulation (EU) 2019/2088 on the sustainability-related disclosures in the financial services sector (“SFDR”), which lays down harmonised…

06 November 2020 - Warning

Warning concerning the website www.cosminvest-sa.com

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.cosminvest-sa.com where an entity offers investment services under the name Cosminvest or COSMI Group and pretends to be regulated by the CSSF. The CSSF informs the public that the entity which…

05 November 2020 - Warning

Warning concerning a fraud scheme misusing the name of the Luxembourg authorised credit institution Deutsche Bank Luxembourg S.A.

The CSSF draws the attention of the public to a fraud scheme in which the name of the Luxembourg authorised credit institution Deutsche Bank Luxembourg S.A. is being misused. The potential fraudsters acting as “Deutsche Investment Loans” or “Deutsche Financial Investment” offer notably loans and…

05 November 2020 - Warning

Warning concerning the website https://presidioinvestmentsltd.com

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website https://presidioinvestmentsltd.com where an entity, which claims to be established at 6c, rue Gabriel Lippmann, 5365 Munsbach, Luxembourg, offers investment and trading services under the name Presidio Investments Limited. The CSSF informs…

28 October 2020 - Circular CSSF

Circular CSSF 20/754

FATF statements concerning 1) high-risk jurisdictions on which enhanced due diligence and, where appropriate, counter-measures are imposed 2) jurisdictions under increased monitoring of the FATF
05 October 2020 - Communiqué

Notification obligation of the limited network exclusion of the law on payment services

The CSSF would like to raise awareness that according to the Law of 10 November 2009 on payment services (hereinafter the “Law on payment services”), it is prohibited that natural or legal persons that are neither payment service providers nor explicitly excluded from the scope…

29 September 2020 - Press release

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

Press release 20/19
As at 31 August 2020, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to EUR 4,696.762 billion compared to EUR 4,617.395 billion as at 31 July 2020, i.e. an increase of…

14 September 2020 - Communiqué

Publication of Circular CSSF 17/650 concerning the predicate tax offence coordinated following the publication of Circular CSSF 20/744 providing new indicators to be taken into account in the context of collective investment activities

We inform you of the publication of Circular CSSF 17/650 coordinated with Circular CSSF 20/744 relative to the 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…

06 July 2020 - Circular CSSF

Circular CSSF 20/745

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
12 June 2020 - Interview

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

09 April 2020 - Communiqué

Communiqué on virtual assets, virtual asset service providers and the related registration process

The CSSF issued on 15 January 2020 a communiqué on virtual assets and virtual asset service providers (“VASPs”), in order to draw the attention of entities to: the modified Interpretive Note to the FATF Recommendation 15 on New Technologies taking account of VASPs; and the…

07 January 2020 - Communiqué

Publication of GDR of 12 September 2019 determining the content of the standard chart of accounts and of Q&A CNC 19/019: Categorisation of firms (Art. 36 LRCS) (only in French)

La CSSF attire l’attention sur les publications suivantes : 1. Le règlement grand-ducal du 12 septembre 2019 déterminant le contenu du plan comptable normalisé visé à l’article 12 du Code de commerce porte révision du plan comptable normalisé (ci-après « PCN ») et remplace l’ancien…

24 December 2019 - Communiqué

Communication regarding Regulation (EU) 2016/1011 on indices used as benchmarks (Benchmark Regulation)

This communication is addressed to all entities which are subject to the CSSF’s supervision and which are using benchmarks (Concerned Entities). Extension of transitional provisions The CSSF draws the Concerned Entities’ attention to the fact that the transitional provisions provided for by the Benchmark Regulation1…

07 November 2019 - Communiqué

Introduction of AML/CFT investment market entry forms (funds and IFMs)

As already announced in the CSSF Communiqué dated 23 May 2019, the CSSF has put in place a new form aiming at collecting standardised key information in relation to money laundering and terrorist financing risks (“ML/FT risk”) to which the professionals supervised by the CSSF…

29 August 2019 - Communiqué

Communication to supervised entities about the relevance of money laundering and terrorist financing risks in the prudential supervision

This communication is addressed to credit institutions, CRR investment firms, payment institutions and e-money institutions, including Luxembourg branches of regulated entities having their head office in the EEA or in a third country, as well as the other professionals of the financial sector (supervised entities).…

23 August 2019 - Communiqué

Reseller access to a cloud computing infrastructure

The CSSF would like to warn professionals of the financial sector of a practice to avoid when outsourcing on a cloud computing infrastructure. When a professional of the financial sector uses a reseller of a cloud computing solution for an outsourcing project, the reseller may…

01 August 2019 - Press release

Global situation of undertakings for collective investment at the end of June 2019 (only in French)

Communiqué de presse 19/40
Au 30 juin 2019, le patrimoine global net des organismes de placement collectif, comprenant les OPC soumis à la Loi de 2010, les fonds d’investissement spécialisés et les SICAR, s’est élevé à EUR 4.411,388 milliards contre EUR 4.317,970 milliards au 31 mai 2019, soit une…

15 July 2019 - Press release

Mandatory Brexit Notification for undertakings for collective investment and their managers in the context of Brexit

Press release 19/34
This press release follows up on the CSSF press release 19/18 regarding the publication of the laws of 8 April 2019 on Brexit There is a risk that the United Kingdom will be leaving the European Union in an non-coordinated manner on 31 October 2019,…

01 March 2019 - Press release

Conference - AML/CFT in Luxembourg Fund Industry

Press release 19/12
On 18 March 2019, in conjunction with ALFI, ALCO and LPEA professional associations, the CSSF organises an AML/CFT conference dedicated to the fight against money laundering, terrorist financing and proliferation financing in the Luxembourg Fund Industry at the amphitheater of the “Maison du Savoir” in…

28 February 2019 - Communiqué

Obligations regarding strong customer authentication and common and secure open standards of communication under Commission Delegated Regulation (EU) 2018/389

The Commission de Surveillance du Secteur Financier (the “CSSF”) draws the attention of the payment service providers (PSPs1) to a certain number of new obligations resulting from: The transposition of Directive (EU) 2015/2366 on payment services (“PSD2”) by the Luxembourg Law of 20 July 2018,…

25 October 2018 - Press release

Comparison website on the fees related to payment accounts (in French, German and English)

Press release 18/35
The Commission de Surveillance du Secteur Financier (CSSF) draws the attention of the public to the establishment of a comparison website on the fees related to payment accounts. As from 1 November 2018, the comparison website will be accessible at: www.frais-compte-paiement.lu. The CSSF is in…

25 July 2018 - Press release

Brexit-related applications by fund management companies

Press release 18/25
As per 30 March 2019, the United Kingdom intends to leave the European Union. In a worst-case scenario, no transition period will be agreed upon and the United Kingdom will consequently need to be considered as a third country as from 30 March 2019. Based…

14 March 2018 - Press release

Diploma ceremony - 2017 Examination of professional competence of réviseurs d'entreprises (statutory auditors) (only in French)

Press release 18/12
11 nouveaux réviseurs d’entreprises ont reçu aujourd’hui, dans les locaux de la CSSF, le diplôme sanctionnant leur admission à l’examen d’aptitude professionnelle (« EAP »), session 2017. Ce diplôme est l’aboutissement d’un important parcours de formation et est octroyé à la suite de la réussite…

12 March 2018 - Press release

Global situation of undertakings for collective investment at the end of January 2018 (only in French)

Press release 18/10
Au 31 janvier 2018, le patrimoine global net des organismes de placement collectif, comprenant les OPC soumis à la Loi de 2010, les fonds d’investissement spécialisés et les SICAR, s’est élevé à EUR 4.214,030 milliards contre EUR 4.159,614 milliards au 31 décembre 2017, soit une…

05 February 2018 - Press release

Global situation of undertakings for collective investment at the end of December 2017 (only in French)

Press release 18/06
Au 31 décembre 2017, le patrimoine global net des organismes de placement collectif, comprenant les OPC soumis à la Loi de 2010, les fonds d’investissement spécialisés et les SICAR, s’est élevé à EUR 4.159,614 milliards contre EUR 4.135,799 milliards au 30 novembre 2017, soit une…

02 January 2018 - Press release

Global situation of undertakings for collective investment at the end of November 2017 (only in French)

Press release 18/01
Au 30 novembre 2017, le patrimoine global net des organismes de placement collectif, comprenant les OPC soumis à la Loi de 2010, les fonds d’investissement spécialisés et les SICAR, s’est élevé à EUR 4.135,799 milliards contre EUR 4.135,695 milliards au 31 octobre 2017, soit une…

04 April 2017 - Press release

Global situation of undertakings for collective investment at the end of January 2017 (only in French)

Press release 17/15
Au 31 janvier 2017, le patrimoine global net des organismes de placement collectif, comprenant les OPC soumis à la Loi de 2010, les fonds d’investissement spécialisés et les SICAR, s’est élevé à EUR 3.767,387 milliards contre EUR 3.741,330 milliards au 31 décembre 2016, soit une…

22 November 2016 - Press release

Global situation of undertakings for collective investment at the end of August 2016 (only in French)

Press release 16/39
Au 31 août 2016, le patrimoine global net des organismes de placement collectif et des fonds d’investissement spécialisés s’est élevé à EUR 3.602,162 milliards contre EUR 3.565,756 milliards au 31 juillet 2016, soit une augmentation de 1,02% sur un mois. Considéré sur la période des…

24 September 2013 - Press release

ARM ASSET BACKED SECURITIES S.A.

Press release 13/40
Frequently asked questions – This document must be read in conjunction with the frequently asked questions 11/31 dated 23 September 2011 and the press releases 11/36, 11/48, 12/50 and 13/04 On 21 August 2013 the Luxembourg administrative court of appeal has confirmed the judgment of…

04 September 2013 - Press release

ARM ASSET BACKED SECURITIES S.A

Press release 13/38
The CSSF informs that on 21 August 2013 the Luxembourg administrative court of appeal confirmed the judgment of the Luxembourg administrative first instance court concerning the CSSF decision of 29 August 2011 to refuse to grant a licence to ARM Asset Backed Securities S.A. (“ARM”)…

17 July 2013 - Press release

ARM ASSET BACKED SECURITIES S.A.

Press release 13/30
The Commission de Surveillance du Secteur Financier (“CSSF”) herewith comments on recent press coverage referring to a meeting which the Board of Directors of ARM Asset Backed Securities S.A. (“ARM”) allegedly is requesting with the CSSF in order to discuss an effective strategy for moving…

22 January 2013 - Press release

ARM ASSET BACKED SECURITIES S.A.

Press release 13/04
We refer to our press release 12/50 of 12 December 2012, informing that on 6 December 2012 the Luxembourg administrative tribunal (tribunal administratif) declared the petition (recours administratif) lodged by ARM Asset Backed Securities S.A. (“ARM”) before the Luxembourg administrative first instance court to obtain…

12 December 2012 - Press release

ARM ASSET BACKED SECURITIES S.A.

Press release 12/50
We refer to our press release 11/48 of 13 December 2011, informing that on 29 November 2011 ARM Asset Backed Securities S.A. (“ARM”) lodged a petition (recours administratif) with the Luxembourg administrative first instance court (tribunal administratif) to obtain judicial review of the CSSF’s decision…

11 May 2012 - Press release

Lifemark S.A.

Press release 12/22
The CSSF herewith informs that on the date of today, the Luxembourg district court dealing with commercial matters decided to pronounce the dissolution and order the liquidation of LIFEMARK, as well as to nominate Mr Jean-Paul Hoffmann as bankruptcy judge (juge-commissaire) and Me Alain Rukavina…

10 February 2012 - Press release

Lifemark S.A.

Press release 12/05
Further to the CSSF’s press release 12/05 of 1 February 2012 whereby interested parties were informed of their opportunity to submit written observations until 9 February 2012 close of business in connection with the CSSF’s intention to withdraw LIFEMARK’s licence as a regulated securitisation undertaking…

01 February 2012 - Press release

Lifemark S.A.

Press release 12/05
On 3 January 2012, the CSSF has been informed that KPMG Luxembourg S.à r.l., represented by Mr. Zia Hossen, acting as provisional administrator (administrateur provisoire) (the “Provisional Administrator”) of LIFEMARK S.A., with registered office at 2, rue Joseph Hackin, L-1746 Luxembourg (“LIFEMARK”), is not and…

13 December 2011 - Press release

ARM ASSET BACKED SECURITIES S.A.

Press release 11/48
We refer to our press release 11/42 of 11 November 2011, informing that on 10 November 2011 the Luxembourg district court, sitting in commercial matters, decided i.a. that the protective measures listed in article 28 of the Luxembourg law of 22 March 2004 on securitisation,…

26 October 2011 - Press release

ARM ASSET BACKED SECURITIES S.A. ("ARM")

Press release 11/36
Frequently asked questions – Addendum 1 to press release 11/31 On 29 September 2011, ARM formally requested the Commission de Surveillance du Secteur financier (“CSSF”) to revise its decision whereby it had refused to grant a licence to ARM as a regulated securities undertaking under…

23 September 2011 - Press release

ARM ASSET BACKED SECURITIES S.A. ("ARM")

Press release 11/31
Frequently asked questions ARM is a securitisation undertaking governed by the Luxembourg law of 22 March 2004 on securitisation (the “Law”). It has been issuing bonds from Luxembourg since 2006 pursuant to a base prospectus first approved for the purposes of the prospectus directive 2003/71/EC…

29 August 2011 - Press release

ARM Asset Backed Securities S.A.

Press release 11/28
The Commission de Surveillance du Secteur Financier (“CSSF”) herewith informs that on 29 August 2011, it has decided to refuse to grant a licence to ARM Asset Backed Securities S.A. (“ARM”) as a regulated securitisation undertaking under the Luxembourg law of 22 March 2004 on…

27 May 2009 - Communiqué

The Madoff case

On 25 February 2009 the Commission de Surveillance du Secteur Financier (the “CSSF”) ordered UBS (Luxembourg) SA (“UBSL”) to implement, within a period of three months, the necessary infrastructure, i.e. sufficient human and technical means and the necessary internal rules in order to fulfil all…

22 December 2008 - Communiqué

Bernard L. Madoff and Bernard L. Madoff Investment Securities LLP

The Commission de Surveillance du Secteur Financier (CSSF) informs having collected relevant data in order to analyse the impact of the Madoff fraud case on the Luxembourg financial sector. It has to be noted that it has not yet been possible to analyse this fraud…

02 October 2006 - Warning

Warning regarding the activities of the companies named Goldmill Wagner & Associates, Whitman Pearce & Partners, Eaton Capital Americas, Allied Champ Investments, Link Mergers and Acquisitions

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of the following companies: Goldmill Wagner & Associates (Costa Rica) Whitman Pearce & Partners (Costa Rica) Eaton Capital Americas (Belize / Guatemala) Allied Champ Investments (Canada) Link Mergers and Acquisitions (Etats-Unis)…

11 May 2005 - Communiqué

Publication of the CSSF annual report 2004 (only available in French)

La mutation entamée par la place financière commence à porter ses fruits. Dans son rapport d’activités 2004, la Commission de Surveillance du Secteur Financier met en évidence que le secteur financier luxembourgeois dans son ensemble a réussi à se stabiliser et même à se diversifier.…

22 April 2004 - Communiqué

Publication of the CSSF annual report 2003 (only available in French)

La mutation de la place financière a été soutenue par le timide retour à la croissance au cours de l’année 2003 Dans son rapport d’activités 2003, la Commission de Surveillance du Secteur Financier met en évidence que le secteur financier luxembourgeois est en cours de…

24 April 2003 - Communiqué

Publication of the CSSF annual report 2002 (only available in French)

Malgré le ralentissement économique au niveau mondial, le secteur financier luxembourgeois a pu dégager des profits substantiels Compte tenu de la difficile conjoncture internationale, le secteur financier luxembourgeois a réussi à tirer son épingle du jeu avec succès, comme le met en évidence la  Commission…

17 April 2002 - Communiqué

Publication of the CSSF annual report 2001 (only available in French)

Le secteur financier luxembourgeois a su préserver son dynamisme dans une année 2001 difficile Dans son rapport d’activités 2001, la Commission de Surveillance du Secteur Financier constate que la place financière luxembourgeoise a globalement bien résisté aux secousses de l’exercice très mouvementé qu’était l’année 2001.…

28 February 2002 - Warning

Warning regarding the activities of Hasso P. Nerlich Asset Management

The attention of the Commission de surveillance du secteur financier was drawn to a company named Hasso P. Nerlich Asset Management. That company is apparently offering customers to invest in bonds. The Commission de surveillance du secteur financier informs the public that Hasso P. Nerlich…

28 February 2002 - Warning

Warning regarding the activities of ADV Advantage S.A. - Global Asset Management

The attention of the Commission de surveillance du secteur financier was drawn to a company named ADV Advantage S.A.-Global Asset Management apparently established 24, Avenue de la Liberté in Luxembourg. That company is apparently offering customers to invest in high yield bonds. The Commission de…

23 November 2001 - Warning

Warning regarding the activities of Morgan International Investment Group Inc.

The Commission de surveillance du secteur financier warns the public against the activities of a company named Morgan International Investment Group Inc. (6, Circuit de la Foire internationale, B.P. 2507, L-1025 Luxembourg). According to the information available to the Commission, this company is apparently offering…

02 February 2001 - Communiqué

The Basel Committee publishes a document on customer due diligence by banks (only available in French)

La Commission de surveillance du secteur financier informe que Comité de Bâle sur le contrôle bancaire a publié en date du 31 janvier à des fins de consultation un document intitulé « Costumer due diligence by banks ». Cette communication a pour objet de guider…

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