Events listed in Law on the financial sector (LFS)
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 ...
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 ...
Methods of transmitting reports via S3 Application Programming Interface – ...
ID 24682
This document provides technical guidance on transmitting reports via the S3 API. The guidance outlines the technical aspects of S3 reporting and emphasizes the importance of proper setup and testing before production submissions. The primary objective is to offer comprehensive information on the S3 system reporting. #### S3 System Reporting Technical Specifications The process for submitting a report via the S3 system involves three ...
New reporting module for UCI administrators in accordance with Circular CSSF 22/811 ...
ID 23971
The CSSF has previously published Circular CSSF 22/811 (the „UCIA Circular“), which introduced new annual reporting for UCI administrators to strengthen the CSSF’s risk-based supervision. Indeed, UCIAs must file information regarding its business activities and resources as detailed in Annex B of the UCIA Circular, at the latest 5 months after its financial year-end, starting from 30 June 2023. For example, a UCIA with ...
A178 : Règlement CSSF N° 23-01 du 31 mars 2023 sur la fixation du taux de coussin ...
ID 22613
CSSF Regulation No. 23-01 was publish in the Official Journal of the Grand Duchy of Luxembourg, determining the countercyclical buffer rate for the second quarter of 2023. Pursuant to Article 59-7 of the Law of 5 April 1993 relating to the financial sector (Law on he Financial Sector – LFS), and based on the elements documented in Annex 1 and the recommendation of the ...
Publication of a new notification template for critical or important ICT outsourcing
ID 21933
On 17 February 2023, the Commission de Surveillance du Secteur Financier (CSSF) issued a press release, informing about the publication of a new notification template to be used as of 20 February 2023 by In-Scope Entities in order to notify the CSSF of critical or important information and communications technology (ICT) outsourcing arrangements, in accordance with points 59 and 60 of Circular CSSF 22/806 ...
Circular CSSF 23/829
ID 21508
On 19 January 2023, the Commission de Surveillance du Secteur Financier (CSSF) published Circular CSSF 23/829, to inform supervised entities about the application of the EBA Guidelines on the criteria for the exemption of investment firms from liquidity requirements in accordance with Article 43(4) of Regulation (EU) 2019/2033 (EBA/GL/2022/10), published on 29 July 2022. „Consequently, the CSSF has integrated the Guidelines into its administrative ...
A2 : Règlement CSSF N° 22-08 sur la fixation du taux de coussin contracyclique pour ...
ID 21348
On 2 January 2023, the Commission de Surveillance du Secteur Financier (CSSF) published Regulation No 22-08 of 31 December 2022 on the setting of the countercyclical buffer rate for the first trimester of 2023. Article 1 of the present regulation states the following (emphasis ours), quote: „In accordance with article 59-7 of the law of 5 April 1993 relating to the financial sector („LSF“), ...