Regulatory framework

Update of Circular CSSF 21/789

concerning restrictive measures in view of Iran’s military support of Russia’s war of aggression against Ukraine

1) transposing Guideline (EU) 2022/508 of 25 March 2022 amending Guideline (EU) 2017/697 of the European Central Bank on the exercise of options and discretions available in Union law by national competent authorities in relation to less significant institutions (ECB/2022/12) and
2) amending CSSF Regulation No 18-03 of 5 June 2018

ESMA32-1399193447-441

on the setting of the countercyclical buffer rate for the third quarter of 2023

amending Delegated Regulation (EU) 2016/1675 as regards adding Nigeria and South Africa to the table in point I of the Annex and deleting Cambodia and Morocco from that table (Text with EEA relevance)

Link to the ESMA Q&A Tool

on markets in crypto-assets, and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937 (Text with EEA relevance)

on information accompanying transfers of funds and certain crypto-assets and amending Directive (EU) 2015/849 (Text with EEA relevance)

Link to the ESMA Q&A Tool

Link to the ESMA Q&A Tool

Application of the Guidelines of the European Banking Authority (“EBA”) on the benchmarking exercises on remuneration practices, the gender pay gap and approved higher ratios under Directive 2013/36/EU (EBA/GL/2022/06)

Application of the Guidelines of the European Banking Authority (“EBA”) on the data collection exercises regarding high earners under Directive 2013/36/EU and under Directive (EU) 2019/2034 (EBA/GL/2022/08)

Application of the Guidelines of the European Banking Authority (“EBA”) on the benchmarking exercises on remuneration practices and the gender pay gap under Directive (EU) 2019/2034 (EBA/GL/2022/07)

Application of the Guidelines of the European Securities and Markets Authority on certain aspects of the MiFID II suitability requirements

transposing the Directive (EU) 2019/1937 on the protection of persons who report breaches of Union law aiming at creating a uniform European legal framework to protect whistleblowers in certain policy areas of the European Union

Communication means for requests and reporting to the CSSF (repeal of Circulars CSSF 08/334 on encryption specifications for reporting firms and CSSF 08/344 on the provisions relating to the transmission of reporting files to the CSSF)

Mandatory use of the IMAS Portal for certain supervisory processes

introducing preventive measures concerning certain products originating in Ukraine