Events listed in [CSSF] Commission de Surveillance du Secteur Financier
Facturation électronique à la CSSF
ID 22535
The CSSF requires all economic operators (including small businesses since 18 March 2023) to send invoices electronically in the context of public procurement and concession contracts, in accordance with the Law of 13 December 2021. Sending invoices by post or email is no longer allowed for invoices falling within the scope of the law, regardless of the amount and whether the basic contract was ...
EAM Dashboard Definitions 2023
ID 22483
The CSSF published Luxembourg EAM Business Dashboard Definitions, thereby providing a set of conditions for defining reportable assets. The data to be reported should include all assets booked within a Luxembourg custodian bank and exclude those booked within European branches. Accounts opened in the name of private individuals, life insurance policies, or other private wealth planning structures should be included, but not those opened ...
Circulaire CSSF – Circulaire CSSF 23/831 (uniquement en anglais)
ID 22460
The CSSF published Circulair CSSF 23/831, thereby integrating the latest version of the ESMA Guidelines on stress test scenarios under the MMF Regulation (ESMA/34-49-495) in its administrative practices. The 2022 Guidelines provide guidance on the stress test scenarios for MMFs and require all MMFs under the supervision of the CSSF and Luxembourg managers of MMFs to comply with them. The ESMA Guidelines are updated ...
SFDR data collection exercise applicable to investment fund managers (IFMs) and ...
ID 22455
The CSSF has announced the launch of a data collection exercise in connection to precontractual product disclosure information relating to the SFDR and TR. Indeed, IFMs and IORPs qualifying as FMPs are required to include sustainability-related information in the precontractual disclosures of financial products in accordance with SFDR, TR and the SFDR RTS. The **CSSF is requiring UCITS management companies, authorised AIFMs, registered AIFMs, ...
Circular CSSF 23/830
ID 22375
The CSSF published Circular CSSF 23/830, clarifying the public disclosure framework applicable to credit institutions and CRR investment firms (Pillar 3). EBA has repealed three guidelines (EBA/GL/2014/03, EBA/GL/2016/11 & EBA/GL/2017/01) related to disclosures by institutions, as they overlap with the disclosure framework implemented by the Commission Implementing EU Regulation 2021/6371 applicable since 28 June 2021. As a result, the CSSF has decided to **repeal ...
Updated on 16.03.2023 CSSF FAQ – FAQ CBDF – Notification procedures
ID 22306
The CSSF updated its FAQ on CBDF Notification procedures regarding cross-border distribution of collective investment undertakings, initially published on 2 August 2021. These notification procedures were introduced into the Luxembourg Laws of 17 December 2010 and of 12 July 2013 following Directive (EU) 2019/1160. The purpose of these FAQs is to highlight the changes for notifications to the CSSF as of 2 August 2021. ...
Updated on 13.03.2023 CSSF FAQ – CSSF FAQ Sustainable Finance Disclosure ...
ID 22244
The CSSF updated its CSSF FAQ Sustainable Finance Disclosure Regulation (SFDR), aiming to clarify certain aspects of EU Regulation 2019/2088 on sustainability-related disclosures in the financial sector (SFDR). The initial version of the FAQ was published on 2 December 2022 (see eventid=18481). As foreseen, Section II of this document was updated as necessary, with three new Questions 7, 8 and 9 inserted after Question ...
Communication to the investment fund industry on the entry into force of the ...
ID 22179
The CSSF is informing FMPs about the amended SFDR RTS, which were modified by Commission Delegated Regulation (EU) 2023/363 and came into effect on 20 February 2023. The changes introduce precontractual and periodic transparency requirements for financial products that disclose Taxonomy aligned fossil gas and nuclear energy related activities under Articles 8 and 9 of SFDR. FMPs must provide precontractual disclosure information in 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 ...
Q&A CNC 22/028 concernant la mise en œuvre de l’exemption de consolidation ...
ID 21838
On 10 February 2023, the Commission de Surveillance du Secteur Financier (CSSF) issued a press release, informing about the previous publication in December 2022 of a FAQ by the Commission des Normes Comptables (CNC) entitled „Q&A CNC 22/028 regarding the implementation of the consolidation exemption for small groups (Article 1711-4 LSC)“, specifying the Company Law (Loi concernant les sociétés commerciales – LSC), with the ...