Regulatory framework

Update of Circular CSSF 21/769 on governance and security requirements for Supervised Entities to perform tasks or activities through telework

Version 1

concerning restrictive measures in response to the recognition of the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine and the ordering of Russian armed forces into those areas

Application of the Guidelines of the European Securities and Market Authority on marketing communications (ESMA34-45-1272) under Regulation (EU) 2019/1156 of the European Parliament and of the Council of 20 June 2019 on facilitating cross-border distribution of collective investment undertakings and amending Regulations (EU) No 345/2013, (EU) No 346/2013 and (EU) No 1286/2014 (the “CBDF Regulation”)

EBA/Op/2022/01

Guidelines for the Collective Investment Sector on the CSSF AML/CFT external report

Practical rules concerning the self-assessment questionnaire to be submitted annually by investment fund managers.

The engagement of investment fund managers’ approved statutory auditors and practical rules concerning the management letter and the separate report to be drawn up annually.

The resolution encourages all Member States to submit to the Committee for inclusion on the ISIL (Da’esh) & Al-Qaida Sanctions List names of individuals, groups, undertakings and entities participating by any means, in the financing or support of acts or activities of ISIL, Al-Qaida, associated individuals, groups, undertakings and entities; strongly urges Member States to implement the comprehensive international standards embodies in the Financial Action Task Force’s (FATF) Forty Recommendations on Combating Money Laundering and the Financing of Terrorism; calls upon Member States to submit an updated report to the Committee no later than 180 days from the date of adoption of the form developed pursuant to paragraph 47 on the implementation of freezing of assets and any exemption thereto, of the measures referred to in paragraph 1 of this resolution; decides that in order to ensure careful consideration of requests for basic and extraordinary exemptions from the assets freeze submitted under paragraphs 84(a) and 84(b), the Committee, through the Secretariat, will immediately acknowledge receipt of the request; Underscores the importance of the Office of the Ombudsperson and extends its mandate for 30 months, strongly urges Member States to provide all the relevant information to the Ombudsperson; Extends the mandate of the Analytical Support and Sanctions Monitoring Team for 30 months.

Version 6

Adoption of the revised guidelines, by EBA, on money laundering and terrorist financing risk factors

ESMA34-45-1272

Adoption of the Guidelines of the European Securities and Market Authority (“ESMA”) on certain aspects of the MiFID II compliance function requirements (ESMA35-36-1952)

ESMA50-164-4285

Version 4