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In the course of 2023, the European Securities and Markets Authority (“ESMA”) performed a Common Supervisory Action (“CSA”) with national competent authorities (“NCAs”) across the EU/EEA on the supervision of the MiFID II disclosure rules with regard to marketing communications and advertisements of financial products…
Discover the latest publications of the CSSF and the statistics relating to the financial sector
The CSSF reminds firms engaging in algorithmic trading of their obligation to notify this to both the competent authority of their home member state and, when different, the competent authority(ies) of the trading venue(s) where the algorithmic trading takes place. The CSSF further reminds firms…
on the setting of the countercyclical buffer rate for the third quarter of 2024
Please refer to the warning for further information.
In the course of 2023, the European Securities and Markets Authority (“ESMA”) performed a Common Supervisory Action (“CSA”) with national competent authorities (“NCAs”) across the EU/EEA on the supervision of the MiFID II disclosure rules with regard to marketing communications and advertisements of financial products…
Application of the Guidelines of the European Banking Authority on benchmarking of diversity practices, including diversity policies and gender pay gap, under Directive 2013/36/EU and Directive (EU) 2019/2034 (EBA/GL/2023/08)
Administrative sanction imposed on the investment fund manager Kasper Management
The CSSF reminds firms engaging in algorithmic trading of their obligation to notify this to both the competent authority of their home member state and, when different, the competent authority(ies) of the trading venue(s) where the algorithmic trading takes place. The CSSF further reminds firms…
As per the European Commission request, the CEAOB has prepared draft non-binding guidelines on limited assurance on sustainability reporting. The purpose of the consultation is to garner views and suggestions on the content of these guidelines before their adoption within the CEAOB. The deadline for…
On 25 March 2024, the European Commission published a set of new Regulatory Technical Standards (RTS or Commission Delegated Regulations (EU) 2024/911 and 2024/912) and Implementing Technical Standards (ITS or Commission Implementing Regulations (EU) 2024/910 and 2024/913) related to the notification of cross-border activities of…
Financial entities covered by Article 60 of MiCA (Market in Crypto Assets Regulation) will have the option to provide crypto-asset services in the Union equivalent to the services and activities for which they are authorised under relevant EU law. A questionnaire is published in order…
As announced in the press release of 5 April 2024 regarding the transmission of procedures directly to the CSSF, the methods for collecting the following monthly COREP/FINREP reports are going to change from 1 September 2024: ALM – Reporting on additional monitoring metrics for liquidity…
Please refer to the warning for further information.
List of questions/answers in relation to the provisions of Circular CSSF 02/77 concerning the protection of investors in case of NAV calculation error and correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment. The FAQ on Circular…
The CSSF has published today an update of the CSSF FAQ regarding Circular CSSF 02/77 (which will be replaced by Circular CSSF 24/856 as of 1 January 2025) as well as of the CSSF FAQ on the Law of 17 December 2010. In the context…
On 19 June 2024, the Regulation of the European Parliament and of the Council on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (‘AMLR’) was published in the Official Journal of the European Union. AMLR…
On 19 June 2024, as part of a joint initiative with BCL (Banque centrale du Luxembourg), the CSSF launches a survey regarding the usage of artificial intelligence adressed to banks, investment firms, payment institutions, e-money institutions and authorised investment funds managers. The questionnaire has to…
Press release 24/15
The CSSF reminds that the following institutions must offer consumers, on request, payment accounts with basic features, in accordance with Article 23 of the Law of 13 June 2017 on payment accounts: Banque et Caisse d’Epargne de l’Etat, Luxembourg; Banque Raiffeisen; BGL…
Administrative sanction imposed on the alternative investment fund manager Fonds AAA S.à r.l.
Administrative sanction imposed on the alternative investment fund manager Odysseus Investments GP S.à r.l.
Administrative sanctions imposed on three alternative investment fund managers
Administrative sanction imposed on the alternative investment fund manager NP Capital GP S.à r.l.
For the attention of alternative investment fund managers
The CSSF press release published on 22 September 2023 enabled the alternative investment fund managers to transmit their AIFM reporting directly to the CSSF either via an API interface (S3 technology) – from 2 November 2023 –…
The CSSF publishes today its paper “Macroprudential Policy for Investment Funds: Considerations by the CSSF”. The objective of the paper is to contribute to the current discussions at international and European level on macroprudential policies/tools for investment funds, particularly on whether to repurpose/adapt existing tools…
Press release 24/14
Le résultat avant provisions et impôts du secteur bancaire luxembourgeois1 s’élève à 2.431,9 millions d’EUR pour le premier trimestre de l’année 2024, ce qui représente une augmentation de 19,9% par rapport à la même période de l’année précédente. Postes en millions…
The CSSF informs all investment firms and relevant stakeholders regarding the EBA and ESMA discussion paper on the revision of the investment firms’ prudential framework, published on 3 June 2024 on the EBA website1 with the aim to gather relevant stakeholder feedback. Interested stakeholders are…
The CSSF has been made aware of a recent critical information disclosure vulnerability (CVE-2024-24919) in Check Point VPN, which is actively exploited. Successful exploitation of this vulnerability allows a remote attacker to obtain sensitive information, including key materials, user credentials, and configuration files from the…
Au Luxembourg, les évaluations verticales des risques (concernant les personnes morales et les constructions juridiques1 d’une part, et surtout concernant le financement du terrorisme2 (« FT ») d’autre part), publiées par le ministère de la Justice en 2022, appréhendent le niveau d’exposition au risque FT…
Press release 24/13
As at 30 April 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 5,421.538 billion compared to EUR 5,485.248 billion as at 31 March 2024, i.e.…
The CSSF is pleased to announce the launch of a new webpage dedicated to Pillar 3 disclosures for institutions. This initiative highlights the CSSF’s commitment to enhancing public disclosures by gathering all essential resources for drafting meaningful Pillar 3 reports in one convenient location. Specifically,…