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…

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…

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…

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…

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…

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,…

Regulation (EU) No 1286/2014, as amended (the “PRIIPS Regulation”) and its supplementing measures (including Commission Delegated Regulation (EU) 2017/653, as amended), require “manufacturers” of packaged retail and insurance-based investment products (PRIIPs) to review the information contained in the key information document (KID) at least every…