* CSSF Regulation N° 19-08 of 1 October 2019 (only in French)
on the setting of the countercyclical buffer rate for the fourth quarter of 2019
- Banks
- Professionals of the financial sector (PFS)
- Payment institutions/electronic money institutions
- Investment vehicles and managers
- Securities markets
- Macroprudential supervision
- Benchmarks
- Information systems of the supervised entities
- EMIR
- Central securities depositories
- MiFID II/MIFIR
- PRIIPs
- Legal reporting
- Financial crime
- Audit profession
- FinTech
- Islamic finance
Laws, regulations and other texts
* CSSF Regulation N° 19-07 of 28 juin 2019 (only in French)
on the setting of the countercyclical buffer rate for the third quarter of 2019
Law of 8 April 2019 on the measures to be taken in relation to the financial sector in the event of the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union
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 aletrnative 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
* CSSF Regulation N° 19-01 of 29 March 2019 (only in French)
on the setting of the countercyclical buffer rate for the second quarter of 2019
Grand-ducal Regulation of 1 March 2019 (only in French)
amending Grand-ducal Regulation of 21 December 2017 relating to the fees to be levied by the Commission de Surveillance du Secteur Financier, as amended
* CSSF Regulation N° 18-07 (only in French)
on the setting of the countercyclical buffer rate for the first quarter of 2019
* CSSF Regulation N° 18-06 (only French)
concerning systemically important institutions authorised in Luxembourg
* CSSF Regulation N° 18-05 (only in French)
on the setting of the countercyclical buffer rate for the fourth quarter of 2018
Law of 25 July 2018 (only in French)
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
Grand-ducal Regulation of 2 July 2018 (only French)
amending Grand-ducal Regulation of 21 December 2017 relating to the fees to be levied by the CSSF
* CSSF Regulation N° 18-04 (only in French)
on the setting of the countercyclical buffer rate for the third quarter of 2018
Law of 22 June 2018 (only in French)
amending the Law of 5 April 1993 on the financial sector, as amended, with respect to the introduction of renewable energy covered bonds
* CSSF Regulation N° 18-03
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
Grand-ducal Regulation of 6 June 2018 (only in French)
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
Law of 6 June 2018 (only in French)
on transparency of securities financing transactions
Law of 30 May 2018 (only in French)
on markets in financial instruments
Grand-ducal Regulation of 30 May 2018 (only in French)
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
* Commission Implementing Regulation (EU) 2018/634 of 24 April 2018
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
* CSSF Regulation N° 18-01 (only in French)
on the setting of the countercyclical buffer rate for the second quarter of 2018
Law of 27 February 2018 (only in French)
on interchange fees and amending several laws relating to financial services
* CSSF Regulation N° 17-05 (only in French)
on the setting of the countercyclical buffer rate for the first quarter of 2018
Grand-ducal Regulation of 21 December 2017 (coordinated version)
relating to the fees to be levied by the CSSF
* CSSF Regulation N° 17-03 (only in French)
on the setting of the countercyclical buffer rate for the fourth quarter of 2017
* CSSF Regulation N° 17-02 (only in French)
on the setting of the countercyclical buffer rate for the third quarter of 2017
Law of 13 June 2017 (only in French)
on payment accounts
Law of 17 May 2017 (only in French)
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
* CSSF Regulation N° 17-01
on the setting of the countercyclical buffer rate for the second quarter of 2017
Law of 23 December 2016
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
* CSSF Regulation N° 16-15
on the setting of the countercyclical buffer rate for the first quarter of 2017
* CSSF Regulation N° 16-14 (only in French)
on the reciprocity of the systemic risk buffer rate of 1% adopted by the Central bank of Estonia
CSSF Regulation N° 16-07
relating to out-of-court complaint resolution
CSSF Regulation N° 16-06
on ex ante contributions to be paid to the Fonds de Résolution Luxembourg
* CSSF Regulation N° 16-05
on the setting of the countercyclical buffer rate for the fourth quarter of 2016
* CSSF Regulation N° 16-04
on voluntary reciprocity for macroprudential policy measures
* CSSF Regulation N° 16-03 (only in French)
on the setting of the countercyclical buffer rate for the third quarter of 2016
* CSSF Regulation N° 16-02 (only in French)
on the setting of the countercyclical buffer rate for the second quarter of 2016
* CSSF Regulation N° 16-01 (only in French)
on the automatic recognition of countercyclical capital buffer rates during the transitional period
Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015
on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012
Law of 18 December 2015 (being updated)
on the failure of credit institutions and certain investment firmsMore
Law of 18 December 2015
approving the agreement on the transfer and mutualisation of contributions to the Single Resolution Fund signed in Brussels on 21 May 2014
* CSSF Regulation N° 15-05
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
* CSSF Regulation N° 15-04
on the setting of a countercyclical buffer rate
* Commission Delegated Regulation (EU) 2015/923 of 11 March 2015
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
* Commission Implementing Regulation (EU) 2015/880 of 4 June 2015
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
Commission Delegated Regulated (EU) 2015/942 of 4 March 2015
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
* CSSF Regulation N° 15-02
relating to the supervisory review and evaluation process that applies to CRR institutions
* CSSF Regulation N° 15-01
on the calculation of institution-specific countercyclical capital buffer rates, transposing Article 140 of Directive 2013/36/EU
Law of 23 July 2015 (only in French)
– 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
* Commission Delegated Regulation (EU) 2015/850 of 30 January 2015
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
CSSF Regulation N°14-02
relating to the determination of distributable results and reserves of credit institutions applying the fair value measurement in the statutory accounts
Council Implementing Regulation (EU) 2015/81 of 19 December 2014
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
* Commission Delegated Regulation (EU) 2015/63 of 21 October 2014
supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements
* Commission Delegated Regulation (EU) 2015/62 of 10 October 2014
amending Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to the leverage ratio
* Commission Delegated Regulation (EU) 2015/61 of 10 October 2014
to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for Credit Institutions
* Commission Delegated Regulation (EU) No 1222/2014 of 8 October 2014
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
Commission Delegated Regulation (EU) No 1310/2014 of 8 October 2014
on the provisional system of instalments on contributions to cover the administrative expenditures of the Single Resolution Board during the provisional period
* Commission Delegated Regulation (EU) No 1187/2014 of 2 October 2014
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
Law of 28 July 2014
regarding immobilisation of bearer shares and units
* Commission Implementing Regulation (EU) No 710/2014 of 23 June 2014
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
* Commission Implementing Regulation (EU) No 620/2014 of 4 June 2014
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
* Commission Implementing Regulation (EU) No 602/2014 of 4 June 2014
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
* Commission Implementing Regulation (EU) No 591/2014 of 3 June 2014
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
* Commission Implementing Regulation (EU) No 680/2014 of 16 April 2014
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
* Commission Delegated Regulation (EU) No 625/2014 of 13 March 2014
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
* Commission Delegated Regulation (EU) No 530/2014 of 12 March 2014
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
* Commission Delegated Regulation (EU) No 529/2014 of 12 March 2014
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
* Commission Delegated Regulation (EU) No 528/2014 of 12 March 2014
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
* Commission Delegated Regulation (EU) No 527/2014 of 12 March 2014
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
* Commission Delegated Regulation (EU) No 526/2014 of 12 March 2014
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
* Commission Delegated Regulation (EU) No 525/2014 of 12 March 2014
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
* Commission Delegated Regulation (EU) No 524/2014 of 12 March 2014
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
* Commission Delegated Regulation (EU) No 523/2014 of 12 March 2014
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
* Commission Delegated Regulation (EU) No 604/2014 of 4 March 2014
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
* Commission Delegated Regulation (EU) No 342/2014 of 21 January 2014
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
* Commission Delegated Regulation (EU) No 241/2014 of 7 January 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
* Commission Delegated Regulation (EU) No 183/2014 of 20 December 2013
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
* Commission Implementing Regulation (EU) No 1423/2013 of 20 December 2013
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
* Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 (coordinated version)
on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012
* Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013
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
Law of 21 December 2012 (coordinated version)
relating to the Family Office activity
Law of 31 May 1999 (coordinated version)
governing the domiciliation of companies
Law of 17 June 1992 (coordinated version)
relating to the accounts of credit institutions
Information
* 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).
