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Crypto-assets on the rise but remaining very risky

ESMA cautions investors against being caught up in the hype surrounding the sudden and significant increase in the value of certain crypto-assets, advising them to carefully consider their financial needs and objectives before making any decisions. ESMA highlights the forthcoming Markets in Crypto-Assets Regulation (MiCA),…

Transition plans: preparing for climate change impacts

Fact-finding exercise on issuers’ sustainability reporting December 2024

Update of the CSSF FAQ concerning the Luxembourg Law of 17 December 2010 to provide clarifications regarding portfolio transparency for actively managed ETFs

The CSSF has published today an update of its FAQ concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment. This update introduces a new question (12.1) providing specific guidance on the portfolio transparency requirements for actively managed UCITS ETFs. The…

New procedures “Annual declaration” dedicated to the Audit Profession

Starting from 2 January 2025, the CSSF makes available two new procedures related to the audit profession in eDesk: Annual declaration for “Réviseurs d’entreprises agréés” Annual declaration for approved audit firms The procedures allow audit professionals to complete their annual declarations and submit it. A…

Communication to the investment fund industry in relation to the ESMA Guidelines on funds’ names using ESG or sustainability-related terms

This communiqué is a follow-up to the CSSF communiqué published on 21 October 2024 announcing the publication of Circular CSSF 24/863, thereby implementing the  Guidelines on funds’ names using ESG or sustainability-related terms (the “Guidelines”) into the Luxembourg regulatory framework and a priority processing procedure…

CSSF FAQ Sustainable Finance Disclosure Regulation (SFDR)

The FAQs aim at providing further clarity on aspects of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial sector (SFDR). Version 4

The CSSF makes available the UCI forms for the notification of errors and instances of non-compliance under Circular CSSF 24/856

The new Circular CSSF 24/856 on the protection of investors in case of an NAV calculation error, an instance of non-compliance with the investment rules and other errors at UCI level enters into force on 1 January 2025. It repeals Circular CSSF 02/77 at the…

CSSF communiqué regarding the publication of the Grand-ducal Regulation of 25 October 2024 raising the size criteria for companies and the Q&A CNC 24/034 on the practical application of raising the size criteria as defined in Luxembourg accounting law (only in French)

La CSSF souhaite attirer l’attention sur les publications suivantes : Le règlement grand-ducal du 25 octobre 2024 portant rehaussement des critères de taille1 (« RGD du 25 octobre 2024 ») qui a été publié en date du 7 novembre 2024 au Journal officiel et qui est…

Circular CSSF 24/866

Modification of the statistical data collection for money market funds (MMFs) and non-MMF investment funds

2024 Questionnaire on Financial Crime

(published on 9 December 2024, updated on 11 December 2024) The CSSF will launch its annual AML/CFT questionnaire for the year 2024 on 24 February 2025. The final submission of responses has to be completed through the CSSF eDesk platform the latest by 4 April…

Circular CSSF 24/868

regarding amendments to Circular CSSF 19/719: Implementing the EBA Guidelines on the STS criteria for non-ABCP securitisation and the STS criteria for ABCP securitisation

Circular CSSF 24/867

Update of Circular CSSF 19/724 on technical specifications regarding 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

DORA Regulation – reminders and advice on preparedness

As the application of DORA on 17 January 2025 is approaching, the ESAs published today a short joint statement aiming at addressing requests from Financial Entities who seek greater clarity on the expectations of the supervisory community towards the financial entities as the application of…

Technical intervention scheduled for Saturday, 7 December 2024

We would like to inform you that a technical intervention is scheduled for this Saturday, December 7. Our services may potentially be unavailable during the day. Our teams are fully committed to ensure the continuity of our services throughout this intervention.

Profit and loss account of credit institutions as at 30 September 2024 (only in French)

Press release 24/32
Le résultat avant provisions et impôts du secteur bancaire luxembourgeois1 s’élève à 7.588,3 millions d’EUR pour les trois premiers trimestres de l’année 2024, ce qui représente une augmentation de 14,6% par rapport à la même période de l’année précédente.   Postes en…

CSSF Regulation No 24-08 of 29 November 2024 (only in French)

concerning systemically important institutions authorised in Luxembourg

The CSSF adopts Clarence to develop artificial intelligence with full sovereignty: a major breakthrough for the financial sector

Press release 24/31
Luxembourg, 2 December 2024 The Commission de Surveillance du Secteur Financier (CSSF) has signed a strategic agreement on artificial intelligence with Clarence, Luxembourg’s sovereign air-gapped cloud designed to meet the needs of businesses, administrations, and public institutions. Clarence’s solution will enable the…

Global situation of undertakings for collective investment at the end of October 2024

Press release 24/30
As at 31 October 2024, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to EUR 5,665.580 billion compared to EUR 5,659.544 billion as at 30 September 2024, i.e.…

Shortening Settlement Cycle in the EU

The CSSF draws attention to the Final Report providing the assessment of the shortening of the settlement cycle in the European Union (EU) which was published on Monday 18 November 2024 by the European Securities and Markets Authority (ESMA). In its report ESMA proposed a…