Regulatory framework

Adapting central bank operations to a hotter world

Sustainable Finance Market Dynamics: an overview

This brief report presents an overview of the market dynamics for mobilising sustainable finance. It identifies three main channels through which financial markets can help steer the necessary transformation of the real economy towards higher levels of sustainability: disclosure, risk management, and the mobilisation of capital.

The report also provides examples of policies, regulations, and guidance addressed to market participants on these three topics. Lastly, it contains a set of key takeaways for further consideration by policymakers and market participants alike.

Dashboard on scaling up green finance

The dashboard on scaling up green finance is based on a set of ideal indicators that makes it possible to track and understand the greening of national financial systems. It is a first attempt to catalogue desirable series that allow the evolution, change and trend of a phenomenon (rather than its absolute level) to be analysed.

Annual report 2020

FAQ concerning the EU Regulation No 537/2014 relating to the appointment of statutory auditor or audit firms by public-interest entities

Joint ESAs Q&As on exchange of collateral

Circular CSSF 21/768 (only in French)

Update of Circular CSSF 03/113 (as amended by Circular CSSF 10/486) on the practical rules concerning the role of réviseurs d’entreprises (statutory auditors) in investment firms and communication relating to Circular CSSF 07/325 (as amended by Circular CSSF 21/765) on the provisions relating to credit institutions and investment firms of EU origin established in Luxembourg by way of branches or exercising activities in Luxembourg by way of free provision of services following the amendments made to CSSF Regulation No 12-02.

ESMA Guidelines on disclosure requirements under the Prospectus Regulation

ESMA32-382-1138

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

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.

e-Prospectus – FAQ Accounts and Certificates

Regulation (EU) 2021/337 of the European Parliament and of the Council of 16 February 2021

amending Regulation (EU) 2017/1129 as regards the EU Recovery prospectus and targeted adjustments for financial intermediaries and Directive 2004/109/EC as regards the use of the single electronic reporting format for annual financial reports, to support the recovery from the COVID-19 crisis (Text with EEA relevance)

Circular CSSF 21/766

Update of Circular CSSF 19/724 on technical specifications regarding the submission to the CSSF of documents under Regulation (EU) 2017/1129 and the Law of 16 July 2019 on prospectuses for securities and general overview of the regulatory framework on prospectuses

Corrigendum to Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019

amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and Regulation (EU) No 648/2012

FAQ of the ABBL webinar dedicated to Circular CSSF 12/552 as amended

9 February 2021

Regulation (EU) 2021/168 of the European Parliament and of the Council of 10 February 2021

amending Regulation (EU) 2016/1011 as regards the exemption of certain third-country spot foreign exchange benchmarks and the designation of replacements for certain benchmarks in cessation, and amending Regulation (EU) No 648/2012

Supervisory review and evaluation process (SREP) (2019)

Data on national financial sector (year 2019)

Part 2 – Model approval (2019)