Events listed in Luxembourg
Circulaire CSSF-CODERES 23/18
ID 26019
Circular CSSF-CODERES 23/18 informs about the application of three guidelines of the EBA, notably the Resolvability Guidelines (EBA/GL/2022/01), Transferability Guidelines (EBA/GL/2022/11), and Resolvability Testing Guidelines (EBA/GL/2023/05). The circular outlines the purpose of integrating these guidelines into the CSSF’s administrative practice and regulatory approach to promote convergence in the field of resolution at the European level. It emphasizes the importan ...
SFDR data collection exercise applicable to investment fund managers (IFMs) and ...
ID 26018
This CSSF Communication is yet another follow-up to previous announcements made by the CSSF on 27 July 2022, 24 March 2023 and 30 June 2023 (see eventid=16863, eventid=20211 and eventid=22061), indicating its intent to conduct a data collection exercise related to the SFDR and TR. More specifically, the present communiqué serves as an update to the previous CSSF communiqué issued on 30 June 2023, ...
FAQ – Circular CSSF 22/811 on UCI Administrators (UCIA) Version 3 – November 2023
ID 25985
The CSSF FAQ Circular CSSF 22/811 on UCIA was recently updated into Version 3 and provides detailed guidance and clarification on the supervisory expectations of the competent authority, the CSSF, regarding UCI administrators. The FAQ addresses various key aspects of the UCIA Circular, including ICT resources, business continuity, and disaster recovery planning, the scope of application, administration functions, delegation, and annual reporting requirements. In ...
CSSF communication on GBP Liability Driven Investment Funds consultation
ID 25917
The CSSF is seeking public input on a proposal to introduce macroprudential measures for GBP denominated LDI funds. This would be done through the use of Article 25 of the AIFMD, which covers information usage by competent authorities and limits on leverage. The need for these measures was highlighted during the **gilt market crisis in September 2022, which exposed vulnerabilities in GBP LDI strategies ...
2023 Survey on Financial Crime
ID 25896
The CSSF informs that the Survey on Financial Crime for the year 2023 is scheduled to commence on 19 February 2024. The primary objective of this survey is to systematically gather standardized key information concerning the risks associated with ML/TF to which professionals under CSSF supervision are exposed. Furthermore, the survey assesses the implementation of measures aimed at mitigating these risks. This initiative is ...
CSSF FAQ – SIF and SICAR that do not qualify as alternative investment funds ...
ID 25865
The present document, originally published in July of 2017, refers to a list of questions and answers (FAQ) related to SIF and SICAR that do not qualify as alternative investment funds (AIFs) with the objective of bringing further clarity. In the latest update, representing version 6 of the FAQ, a replacement of the terms “central administration” by “UCI administrator” in line with CSSF Circular ...
Questions/Réponses en matière de SICAR
ID 25849
The CSSF updated its FAQ on SICARs in Luxembourg, offering comprehensive guidance on regulatory aspects. It outlines steps for new SICAR authorization requests, specifying required documents and information for investment policy assessment. The document details prudential reporting requirements, stressing timely submission of financial information and audited reports. It emphasizes transparent investor information dissemination, including shareholder details and eligibility c ...
FAQ concerning the Law of 28 July 2014 regarding immobilisation of bearer shares ...
ID 25848
On 17 November 2023, the FAQ concerning the Law of 28 July 2014 regarding immobilisation of bearer shares and units was updated to Version 3. The updated FAQ provides comprehensive insights into the ramifications of the Law of 28 July 2014 on investment funds in Luxembourg. It mandates the appointment of a Depositary and necessitates the deposit of bearer shares or units, with specific ...
Reports foreseen by Circulars CSSF 21/788, 21/789 and 21/790, applicable as from ...
ID 25824
The CSSF published Circulars CSSF 21/788, 21/789, and 21/790 back on 22 December 2021. These circulars introduced new reports for IFMs and UCIs, aimed at enhancing the risk-based supervision of the CSSF for prudential and AML/CFT purposes. These new reports consist of a self-assessment questionnaire, separate report, and CSSF AML/CFT external report. To facilitate compliance with these reporting requirements, the **CSSF made the reports ...
Reporting according to Annex IV of Commission Delegated Regulation (EU) No 231/2013 ...
ID 25815
The CSSF has updated its technical guidance on AIFM reporting in light of the revised IT technical guidance introduced by ESMA in November 2023 (eventid=21637). The updated document, CSSF AIFM Reporting – Technical Guidance provides information on the different feedback files that senders of AIFM reporting receive and the CSSF’s checks on the reporting files. Notably, **certain fields have been made mandatory in the ...