Regulatory framework

Circular CSSF 21/782

Adoption of the revised guidelines, by EBA, on money laundering and terrorist financing risk factors

Circular CSSF 21/777

Implementation of the Guidelines of the European Securities and Markets Authority (ESMA) on outsourcing to cloud service providers by amending the scope of Circular CSSF 17/654, as amended

ESMA Guidelines on outsourcing to cloud providers

ESMA50-164-4285

Circular CSSF 21/776

on the conditions for the application of the alternative treatment of institutions’ exposures related to ‘tri-party repurchase agreements’ for large exposures purposes (EBA/GL/2021/01)

Circular CSSF 21/775

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

Commission Delegated Regulation (EU) 2021/732 of 26 January 2021

amending Delegated Regulation (EU) No 667/2014 with regard to the content of the file to be submitted by the investigation officer to the European Securities and Markets Authority, the right to be heard with regard to interim decisions and the lodging of fines and periodic penalty payments (Text with EEA relevance)

Circular CSSF 21/770

ESMA guidelines on the reporting under Articles 4 and 12 SFTR

Circular CSSF 21/769

Governance and security requirements for supervised entities to perform tasks or activities through telework

Opinion of the European Banking Authority on the risks of money laundering and terrorist financing affecting the European Union’s financial sector

Law of 25 February 2021 (only in French)

amending:

1. the Law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended;
2. the Law of 20 April 1977 on gambling and betting relating to sporting events, as amended;
3. the Law of 17 December 2010 relating to undertakings for collective investment, as amended;
4. the Law of 25 March 2020 establishing a central electronic data retrieval system related to IBAN accounts and safe-deposit boxes;
5. the Law of 10 July 2020 establishing a Register of fiducies and trusts.

Circular-letter

2020 Survey related to the fight against money laundering and terrorist financing

Circular CSSF 20/754 repealed by Circular CSSF 21/767

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

Ministerial Regulation of 9 October 2020

Ministerial Regulation of 9 October 2020 amending Annex I C of Grandducal Regulation of 29 October 2010 enforcing the Law of 27 October 2010 implementing United Nations Security Council resolutions as well as acts adopted by the European Union concerning prohibitions and restrictive measures in financial matters in respect of certain persons, entities and groups in the context of the combat against terrorist financing.

UN designation of 8 October 2020 – SC/14321

Grand-ducal Regulation of 14 August 2020 (only in French)

amending Grand-ducal Regulation of 1 February 2010 providing details on certain provisions of the Law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended

CSSF Regulation No 20-05 (only in French)

of 14 August 2020 amending CSSF Regulation No 12-02 of 14 December 2012 on the fight against money laundering and terrorist financing

Corrigendum to Commission Implementing Regulation (EU) 2017/105 of 19 October 2016

amending Implementing Regulation (EU) No 1247/2012 laying down implementing technical standards with regard to the format and frequency of trade reports to trade repositories according to Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories

Circular CSSF 20/747 (version of 04.09.2020)

Technical arrangements relating to the application of the Law of 25 March 2020 establishing a central electronic data retrieval system related to IBAN accounts and safe-deposit boxes held by credit institutions in Luxembourg (the “Law”)

Law of 10 July 2020 (coordinated version)

establishing a Register of Fiducies and Trusts

Ministerial Regulation of 17 July 2020