Regulatory framework

Ministerial Regulation of 8 November 2010

UN designation of 4 November 2010 – SC/10077

Law of 27 October 2010 (coordinated version)

enhancing the anti-money laundering and counter terrorist financing legal framework; organising the controls of physical transport of cash entering, transiting through or leaving the Grand Duchy of Luxembourg; 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

Circular CSSF 10/486

Fight against money laundering and terrorist financing: amendment of certain provisions of Circular CSSF 03/113

Commission Decision of 28 September 2010

on the recognition of the legal and supervisory framework of Japan as equivalent to the requirements of Regulation (EC) No 1060/2009 of the European Parliament and of the Council on credit rating agencies

Circular CSSF 10/484

Fight against money laundering and terrorist financing: amendment of certain provisions of Circular CSSF 01/27, as amended

Circular CSSF 10/483 (only in French)

Amendments to Circular CSSF 07/290, as amended, defining capital ratios pursuant to Article 56 of the amended Law of 5 April 1993 on the financial sector:
1. Transposition of Directives 2009/27/EC, 2009/83/EC and 2009/111/EC
2. Other amendments to Circular CSSF 07/290, as amended

Circular CSSF 10/475 (only in French)

Amendments to Circular CSSF 06/273, as amended, defining capital ratios pursuant to Article 56 of the amended Law of 5 April 1993 on the financial sector

Grand-ducal Regulation of 14 July 2010

determining the conditions and criteria for the exemption from the subscription tax of undertakings for collective investment and specialised investment funds investing in microfinance in accordance with Articles 20 and 21 of the Law of 18 December 2009 on the State revenue and expenditure budget for the financial year 2010

Commission Regulation (EU) N° 584/2010 of 1 July 2010

implementing Directive 2009/65/EC of the European Parliament and of the Council as regards the form and the content of the standard notification letter and UCITS attestation, the use of electronic communication between competent authorities for the purpose of notification, and procedures for on-the-spot verifications and investigations and the exchange of information between competent authorities

Commission Regulation (EU) N° 583/2010 of 1 July 2010

implementing Directive 2009/65/EC of the European Parliament and of the Council as regards key investor information and conditions to be met when providing key investor information or the prospectus in a durable medium other than paper or by means of a website

Circular CSSF 10/467

1) Electronic transmission of financial information to be transmitted to the CSSF on a periodic basis by management companies subject to Chapter 13 of the Law of 20 December 2002 relating to undertakings for collective investment
2) Modifications to certain periodic tables

Commission Directive 2010/43/EU of 1 July 2010

implementing Directive 2009/65/EC of the European Parliament and of the Council as regards organisational requirements, conflicts of interest, conduct of business, risk management and content of the agreement between a depositary and a management company

Commission Directive 2010/42/EU of 1 July 2010

implementing Directive 2009/65/EC of the European Parliament and of the Council as regards certain provisions concerning fund mergers, master-feeder structures and notification procedure

Circular CSSF 10/462

Definition and calculation of own funds for payment institutions

Circular CSSF 10/458

Measures concerning the Democratic People’s Republic of Korea (DPRK)

FAQ (Part I) on how to obtain authorisation as PFS (being updated)

Circular CSSF 10/456

Cooperation between the professionals of the financial sector and the judicial authorities

Council Regulation (EU) No 356/2010 of 26 April 2010

imposing certain specific restrictive measures directed against certain natural or legal persons, entities or bodies, in view of the situation in Somalia

Circular CSSF 10/451

Amendment to Circular CSSF 07/290 (on reporting of large exposures and on the capital floors provided for in items 3, 4, 7 and 8 of Part XX)