Events listed in Luxembourg
A875 : Règlement CSSF N° 23-06 du 29 décembre 2023 sur la fixation du taux de ...
ID 26605
The countercyclical capital buffer rate applicable to relevant exposures located in Luxembourg remains set at 0.50% for the first quarter of the year 2024. The countercyclical capital buffer aims to counteract procyclical developments in credit markets. By reinforcing the level of capital during periods of excessive credit growth, associated with an intensification of systemic risks, the countercyclical capital buffer **contributes to absorbing losses during ...
FAQ CSSF – Questions/Réponses relatives à la loi du 17 décembre 2010 ...
ID 26585
The CSSF FAQ – LAW OF 17 DECEMBER 2010 and contains information related to the Luxembourg Law of 17 December 2010 on undertakings for collective investment (UCI Law). It includes updates and modifications made to the FAQ over time, with this version 17 published on 28 December 2023. The document covers various topics such as the eligibility of investments in the 10% limit of ...
FAQ concerning the Luxembourg Law of 12 July 2013 on alternative investment fund ...
ID 26582
CSSF FAQ – LUXEMBOURG LAW OF 12 JULY 2013 ON ALTERNATIVE INVESTMENT FUND MANAGERS in its 21st version addresses various aspects of the Luxembourg Law of 12 July 2013 on AIFMs. The document covers transitional provisions, scope of authorized activities of AIFMs, depositary aspects, reporting requirements, impact of the PRIIPs Regulation, and other regulatory considerations. **The transitional provisions applicable to AIFMs and AIFs are ...
Circulaire CSSF-CPDI 23/39
ID 26572
Circular CSSF-CPDI 23/39, serves the purpose of conducting a routine survey on deposits, with a specific focus on covered deposits. The survey is relevant to credit institutions incorporated under Luxembourg law, POST Luxembourg providing postal financial services, and Luxembourg branches of credit institutions based in third countries as of 31 December 2023. The data collected will facilitate the CPDI in determining contributions outlined in ...
A864 : Loi du 22 décembre 2023 relative à l’imposition minimale effective pour les ...
ID 26550
The Law of 22 December 2023 on effective minimum taxation for the transposition of Council Directive (EU) 2022/2523 of 15 December 2022 aiming to ensure a global minimum level of taxation for multinational entity (MNE) groups and large national corporate groups in the Union applies to constituent entities located in Luxembourg that are members of MNE groups or a large-scale national group with an ...
ALFI responds to the ESMA call for evidence on the shortening of the settlement ...
ID 26463
ALFI’s response to ESMA’s call for evidence on the move to T+1/T+0 settlement cycles, dated December 15, 2023, outlines ALFI’s perspectives on the potential transition. The document touches on various aspects of the proposed shift, emphasizing the challenges faced by asset managers, especially in terms of cash management and provides a detailed analysis of the impacts on various operational processes, including matching, allocation, affirmation, ...
CSSF FAQ regarding the AML/CFT Market Entry Form (Funds and IFMs) – Updated ...
ID 26456
The CSSF has published an update of its FAQ that includes detailed guidance on the completion of the AML/CFT Market Entry Form in eDesk. The information provided serves as a comprehensive guide for entities seeking authorization or registration with the CSSF in Luxembourg, offering detailed instructions on the completion of the AML/CFT Market Entry Form and the associated requirements and procedures. The FAQ outlines ...
Targeted consultation on the implementation of the Sustainable Finance Disclosures ...
ID 26438
The ABBL responded to the EC’s Targeted Consultation on SFDR Implementation. As a reminder, the EC launched a targeted consultation and a public consultation on 14 September 2023 to assess the implementation of the SFDR. The focus of the consultation was directed towards legal certainty, the usability of the regulation, and proposals for enhancing the existing framework. The Commission sought insights into the practical ...
ABBL answer to ESMA – Call for evidence on shortening of the settlement cycle
ID 26435
In response to ESMA’s call for evidence on the potential shortening of the securities settlement cycle in European markets, the ABBL, together with its members, has submitted a comprehensive response. As a reminder, the initiative by ESMA is driven by the objective of evaluating the feasibility of reducing the settlement cycle from the current T+2 to T+1, and potentially even T+0. The consultation aims ...
ALFI responds to SFDR review consultation by European Commission
ID 26404
ALFI submitted its response to the European Commission’s targeted consultation concerning the implementation of the SFDR. ALFI’s response outlines several key recommendations for enhancing the current SFDR regime: Firstly, ALFI proposes that entity level PAI disclosures be adequately addressed under the CSRD without imposing additional disclosure requirements under SFDR. ALFI contends that such duplicative measures contribute minimally to investor understanding. S ...