Amendment to anti-money laundering law
The law of 29 July 2022 introduces several amendments to the law of 12 November 2004 in order to ensure consistency between Luxembourg and international texts.
Prior notification in case of IT hardware subcontracting
Replacement of the prior authorisation requirement with a prior notification requirement in the case of hardware IT subcontracting.
Transfer of competence for authorisation to the CSSF
Transfer of competence for granting authorisations from the Minister of Finance to the Commission de Surveillance du Secteur Financier (CSSF).
Merger of OSIP statutes (Art. 29.3) and OSIS statutes (Art. 29.4)
Merger of OSIP & OSIS statuses into a single status for IT systems and communication network operators.
CSSF Circular 21/777
CSSF Circular 21/777 concerning the implementation of ESMA guidelines on outsourcing to CLOUD service providers.
Directive (EU) 2018/1673
Directive (EU) 2018/1673 on the combating of money laundering by means of criminal law
Sustainable Finance Disclosure Regulation (SFDR)
Financial Market Participants Investment Advisers Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (SFDR). 1. Introduction to the SFDR Regulation The SFDR Regulation aims to impose transparency obligations regarding sustainability for […]
The CSSF in the context of COVID-19
The CSSF continues its prudential supervision missions and supports financial sector professionals.