amending:
1° the Law of 5 April 1993 on the financial sector, as amended
2° the Law of 1 April 2015 establishing a Systemic Risk Committee and amending the Law of 23 December 1998 concerning the monetary status and the Banque centrale du Luxembourg, as amended
in order to implement macroprudential measures concerning residential mortgage credits
concerning systemically important institutions authorised in Luxembourg
on the setting of the countercyclical buffer rate for the fourth quarter of 2019
on the setting of the countercyclical buffer rate for the third quarter of 2019
and amending:
1° the Law of 5 April 1993 on the financial sector, as amended;
2° the Law of 10 November 2009 on payment services, as amended;
3° the Law of 17 December 2010 relating to undertakings for collective investment, as amended;
4° the Law of 12 July 2013 on alternative investment fund managers, as amended;
5° the Law of 7 December 2015 on the insurance sector, as amended; and
6° the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, as amended
on the setting of the countercyclical buffer rate for the second quarter of 2019
on the setting of the countercyclical buffer rate for the first quarter of 2019
concerning systemically important institutions authorised in Luxembourg
on the setting of the countercyclical buffer rate for the fourth quarter of 2018
1. transposing Directive (EU) 2017/2399 of the European Parliament and of the Council of 12 December 2017 amending Directive 2014/59/EU as regards the ranking of unsecured debt instruments in insolvency hierarchy and amending the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, as amended; and
2. amending certain provisions of the Law of 5 April 1993 on the financial sector, as amended
on the setting of the countercyclical buffer rate for the third quarter of 2018
amending the Law of 5 April 1993 on the financial sector, as amended, with respect to the introduction of renewable energy covered bonds
1) implementing certain discretions of Regulation (EU) No 575/2013 and implementing Guideline (EU) 2017/697 of the European Central Bank of 4 April 2017 on the exercise of options and discretions available in Union law by national competent authorities in relation to less significant institutions (ECB/2017/9) and 2) repealing CSSF Regulation N° 14-01
on the establishment of a standardised list of the most representative services linked to a payment account within the meaning of the Law of 13 June 2017 on payment accounts
on transparency of securities financing transactions
on markets in financial instruments
on the protection of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits
amending Implementing Regulation (EU) 2016/1799 as regards the mapping tables specifying the correspondence between the credit risk assessments of external credit assessment institutions and the credit quality steps set out in Regulation (EU) No 575/2013 of the European Parliament and of the Council
on the setting of the countercyclical buffer rate for the second quarter of 2018
on interchange fees and amending several laws relating to financial services
on the setting of the countercyclical buffer rate for the first quarter of 2018
relating to the fees to be levied by the CSSF
on the setting of the countercyclical buffer rate for the fourth quarter of 2017
on the setting of the countercyclical buffer rate for the third quarter of 2017
on payment accounts
on the application of Regulation (EU) No 655/2014 of the European Parliament and of the Council of 15 May 2014 establishing a European Account Preservation Order procedure to facilitate cross-border debt recovery in civil and commercial matters, amending the New Code of Civil Procedure and the Law of 23 December 1998 establishing a financial sector supervisory commission ("Commission de surveillance du secteur financier"), as amended
on the setting of the countercyclical buffer rate for the second quarter of 2017
1. transposing Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agreements for consumers relating to residential immovable property and amending Directives 2008/48/EC and 2013/36/EU and Regulation (EU) No 1093/2010; and
2. amending the Consumer Code
on the setting of the countercyclical buffer rate for the first quarter of 2017
on the reciprocity of the systemic risk buffer rate of 1% adopted by the Central bank of Estonia
relating to out-of-court complaint resolution
on ex ante contributions to be paid to the Fonds de Résolution Luxembourg
on the setting of the countercyclical buffer rate for the fourth quarter of 2016
on voluntary reciprocity for macroprudential policy measures
on the setting of the countercyclical buffer rate for the third quarter of 2016
on the setting of the countercyclical buffer rate for the second quarter of 2016
on the automatic recognition of countercyclical capital buffer rates during the transitional period
on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012
on the failure of credit institutions and certain investment firmsMore
approving the agreement on the transfer and mutualisation of contributions to the Single Resolution Fund signed in Brussels on 21 May 2014
on the exemption of investment firms qualifying as small and medium-sized enterprises from the requirements to maintain a countercyclical capital buffer and a capital conservation buffer
on the setting of a countercyclical buffer rate
amending Delegated Regulation (EU) No 241/2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for own funds requirements for institutions
on the extension of the transitional periods related to own funds requirements for exposures to central counterparties set out in Regulations (EU) No 575/2013 and (EU) No 648/2012 of the European Parliament and of the Council
amending Delegated Regulation (EU) No 529/2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council as regards regulatory technical standards for assessing the materiality of extensions and changes of internal approaches when calculating own funds requirements for market risk
relating to the supervisory review and evaluation process that applies to CRR institutions
on the calculation of institution-specific countercyclical capital buffer rates, transposing Article 140 of Directive 2013/36/EU
– transposing Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013;
– transposing Articles 2 and 3 of Directive 2011/89/EU of the European Parliament and of the Council of 16 November 2011;
– transposing Article 6(6) of Directive 2011/61/UE of the European Parliament and of the Council of 8 June 2011;
– amending:
1. the Law of 5 April 1993 on the financial sector, as amended;
2. the Law of 23 December 1998 establishing a financial sector supervisory commission ("Commission de surveillance du secteur financier"), as amended;
3. the Law of 12 July 2013 on alternative investment fund managers
amending Delegated Regulation (EU) No 241/2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for Own Funds requirements for institutions
relating to the determination of distributable results and reserves of credit institutions applying the fair value measurement in the statutory accounts
specifying uniform conditions of application of Regulation (EU) No 806/2014 of the European Parliament and of the Council with regard to ex ante contributions to the Single Resolution Fund
supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements
amending Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to the leverage ratio
to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for Credit Institutions
supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards for the specification of the methodology for the identification of global systemically important institutions and for the definition of subcategories of global systemically important institutions
on the provisional system of instalments on contributions to cover the administrative expenditures of the Single Resolution Board during the provisional period
supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council as regards regulatory technical standards for determining the overall exposure to a client or a group of connected clients in respect of transactions with underlying assets
regarding immobilisation of bearer shares and units
laying down implementing technical standards with regard to conditions of application of the joint decision process for institution-specific prudential requirements according to Directive 2013/36/EU of the European Parliament and of the Council
laying down implementing technical standards with regard to information exchange between competent authorities of home and host Member States, according to Directive 2013/36/EU of the European Parliament and of the Council
laying down implementing technical standards for facilitating the convergence of supervisory practices with regard to the implementation of additional risk weights according to Regulation (EU) No 575/2013 of the European Parliament and of the Council
on the extension of the transitional periods related to own funds requirements for exposures to central counterparties in Regulation (EU) No 575/2013 and Regulation (EU) No 648/2012 of the European Parliament and of the Council
laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council
supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council by way of regulatory technical standards specifying the requirements for investor, sponsor, original lenders and originator institutions relating to exposures to transferred credit risk
supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards further defining material exposures and thresholds for internal approaches to specific risk in the trading book
supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for assessing the materiality of extensions and changes of the Internal Ratings Based Approach and the Advanced Measurement Approach
supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for non-delta risk of options in the standardised market risk approach
supplementing Directive (EU) No 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the classes of instruments that adequately reflect the credit quality of an institution as a going concern and are appropriate to be used for the purposes of variable remuneration
supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for determining proxy spread and limited smaller portfolios for credit valuation adjustment risk
supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for the definition of market
supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the information that competent authorities of home and host Member States supply to one another
supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for determining what constitutes the close correspondence between the value of an institution's covered bonds and the value of the institution's assets
supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards with respect to qualitative and appropriate quantitative criteria to identify categories of staff whose professional activities have a material impact on an institution's risk profile
supplementing Directive 2002/87/EC of the European Parliament and of the Council and Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for the application of the calculation methods of capital adequacy requirements for financial conglomerates
supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for Own Funds requirements for institutions
supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council on prudential requirements for credit institutions and investment firms, with regard to regulatory technical standards for specifying the calculation of specific and general credit risk adjustments
laying down implementing technical standards with regard to disclosure of own funds requirements for institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council
on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012
on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC
relating to the Family Office activity
governing the domiciliation of companies
relating to the accounts of credit institutions
* Regulation (EU) No 575/2013 (the "CRR") is directly applicable since 1 January 2014. Directive 2013/36/EU (the "CRD IV"), which completes the provisions of the CRR, has been transposed into national law by the law of 23 July 2015 and by CSSF Regulations N° 15-01 and 15-02. For further information, the reader should refer to Circulars CSSF 14/583 and CSSF 15/620 (only in French).
