Search Results for Consumer protection

Press release 22/32

Update of Circular CSSF 17/651 relating to the 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 (hereinafter “Law of 23 December 2016”)

on the transfer of non-performing loans, and:

1° transposing Directive (EU) 2021/2167 of the European Parliament and of the Council of du 24 November 2021 on credit servicers and credit purchasers, and amending Directives 2008/48/EC and 2014/17/EU;
2° implementing Regulation (EU) 2022/2036 of the European Parliament and of the Council of 19 October 2022 amending Regulation (EU) No 575/2013 and Directive 2014/59/EU as regards the prudential treatment of global systemically important institutions with a multiple-point-of-entry resolution strategy and methods for the indirect subscription of instruments eligible for meeting the minimum requirement for own funds and eligible liabilities;
3° amending:
(a) the Consumer Code;
(b) the amended Law of 5 April 1993 on the financial sector;
(c) the amended Law of 23 December 1998 establishing a financial sector supervisory commission (“Commission de surveillance du secteur financier”);
(d) the amended Law of 22 March 2004 on securitisation and amending
– the amended Law of 5 April 1993 on the financial sector;
– the amended Law of 23 December 1998 establishing a financial sector supervisory commission (“Commission de surveillance du secteur financier”);
– the Law of 27 July 2003 on the trust and on fiduciary contracts;
– the amended Law of 4 December 1967 on income tax;
– the amended Law of 16 October 1934 on wealth tax;
– the amended Law of 12 February 1979 on value added tax;
(e) the amended Law of 5 August 2005 on financial collateral arrangements;
(f) the amended Law of 18 December 2015 on the failure of credit institutions and certain investment firms.

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

The CSSF informs consumers that the European Supervisory Authorities (EBA, ESMA and EIOPA – the ESAs) have issued a warning on the risks of crypto-assets. This publication includes precautions that consumers can take in order to make informed decisions.

Please find the relevant document below.

Press release 25/04

Presse release 23/15

Press release 24/06

Lien vers le Q&A Tool de l’ESMA

Press release 24/22

(published on 14 July 2023, updated on 1 and 4 September 2023)

Press release 22/14

on the granting of State guarantee for credit lines contracted by the Fonds de garantie des dépôts Luxembourg

on the failure of credit institutions and certain investment firms