Regulatory framework

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)

Circular CSSF 10/456

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

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

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)

Circular CSSF 10/446

Change regarding the communication of circulars issued by the CSSF for the entities under its supervision

Circular CSSF 10/442

Notification procedure concerning the exercise of activities in another Member State by a credit institution or an investment firm incorporated under Luxembourg law

Grand-ducal Regulation of 1 February 2010 (coordinated version)

providing details on certain provisions of the amended Law of 12 November 2004 on the fight against money laundering and terrorist financing

Circular CSSF 10/437

Guidelines concerning the remuneration policies in the financial sector

Circular CSSF 10/433

Amendment of Circular CSSF 05/187 regarding the table “Off-balance sheet commitments” (table III.1.)

Council Regulation (EU) No 1284/2009 of 22 December 2009

imposing certain specific restrictive measures in respect of the Republic of Guinea

Grand-ducal Regulation of 18 December 2009 (coordinated version)

determining the conditions for the recognition of service providers from other Member States in order to carry out any duties exclusively entrusted to réviseurs d’entreprises (statutory auditors) by way of free provision of services

Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009

on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (“UCITS Directive”)