Events listed in Luxembourg
Circulaire CSSF 23/841
ID 25329
The purpose of this circular is to inform about the application by the CSSF of the ESMA Guidelines on certain aspects of the remuneration requirements of Directive MiFID II (ESMA35-43-3565), published on 3 April 2023. The CSSF has integrated these Guidelines into its administrative practice and regulatory approach in order to promote convergence in supervision in this area at the European level. All entities ...
Circulaire CSSF-CODERES 23/17
ID 25317
The present CSSF circular covers the calculation of the 2024 ex-ante contribution to the SRF. Article 67 of Regulation (EU) No 806/2014 outlines the establishment of a SRF under the responsibility of the SRB for Member States participating in the SSM. The SRF aims to provide financial resources for the resolution of credit institutions and BRRD investment firms within the Single Resolution Mechanism. The ...
A638 : Règlement CSSF N° 23-04 du 30 septembre 2023 sur la fixation du taux de ...
ID 25248
CSSF Regulation N° 23-04 of 30 September 2023 on the fixation of the counter-cyclical buffer rate for Q4 2023 was published in the Official Journal on 6 October 2023. In accordance with Article 59-7 of the Law of 5 April 1993 on the financial sector, based on the documented elements in Appendix 1 (Elements considered for setting the applicable countercyclical buffer rate) and the ...
Asset Management
conference / webinar
AIFM Reporting webinar
ID 25247
In a recent press release dated 18 September 2023 (eventid=22966), the CSSF announced that AIFMs would have the option to submit their AIFM reporting using an API interface based on S3 technology, starting from 2 November 2023. To provide a comprehensive understanding of this new transmission solution, a specialized webinar has been scheduled for Wednesday, 18 October 2023, between 3 and 4 pm. The ...
Circulaire CSSF-CPDI 23/38 – Recensement du montant des dépôts garantis au 30 ...
ID 25194
The Circular CSSF-CPDI 23/38, concerning the members of the Fonds de garantie des dépôts Luxembourg, outlines key points regarding the survey on the amount of covered deposits held on 30 September 2023. This present circular is essential for ensuring the accuracy of covered deposit information and determining the contributions to the Resolution Fund, emphasizing the importance of adherence to regulatory definitions and reporting procedures. ...
ABBL’s position on the Proposal for a Faster and Safer Relief of Excess Withholding ...
ID 25133
ABBL’s position on the Proposal for a Faster and Safer Relief of Excess Withholding Taxes, released by the European Commission on 19 June 2023, is one of cautious support with significant concerns. The ABBL acknowledges the proposal’s objective of simplifying, digitizing, and harmonizing withholding tax processes in the EU, a long-standing priority for the organization. While the ABBL welcomes the introduction of more efficient ...
New communication means for AIFM reporting as of 2 November 2023
ID 25043
The CSSF has introduced a new communication method for AIFMs starting on 2 November 2023. This initiative was developed collaboratively with industry pilot entities and aims to facilitate the submission of AIFM reporting using an API solution known as S3 technology. As of 2 November 2023, AIFMs will have the option to utilize this newly established API solution for their AIFM reporting requirements. Furthermore, ...
ALFI responds to EC consultation for a new system on excess withholding taxes
ID 25009
ALFI has provided its opinion on the draft Directive on the eTRC proposed by the European Commission. As a reminder, the European Commission introduced the FASTER Directive on 19 June 2023 to simplify and expedite cross-border withholding tax relief, improving efficiency and combating tax fraud. Key provisions include a common EU digital tax residence certificate, national registers for certified financial intermediaries, and relief at ...
Circulaire CSSF 23/840 Application des orientations de l’Autorité européenne des ...
ID 24958
Circular CSSF 23/840, issued by the CSSF, covers the application of the Guidelines set forth by ESMA concerning the product governance requirements introduced by MiFID II (ESMA35-43-3448). These guidelines, published on 3 August 2023, aim to ensure that financial products are created and distributed in the best interests of clients. The key updates to these guidelines encompass the inclusion of sustainability-related objectives, the practice ...
ALFI position paper on the calibration of the depositary duties as regards the ...
ID 24891
On 11 September 2023, ALFI released a position paper addressing the calibration of depositary duties in the context of monitoring ESG investments. This paper was prompted by §46 of the ESMA supervisory briefing published in May 2022 concerning sustainability risks and disclosures in investment management (ESMA34-45-1427). The document, authored by ALFI’s Depositary Bank Forum Steering Committee and ALFI’s ad hoc ESG investment limits working ...