Cssf regulatory update
WebNov 28, 2024 · On the 10th of June 2024, the Commission de Surveillance du Secteur Financier (“CSSF”) updated its FAQs on the Law of 12 July 2013 on Alternative Investment Fund Managers, as amended (the ... WebAug 28, 2024 · In Brief. The CSSF Regulation, published on August 20, 2024, amends the former 12-02 Regulation ("the Regulation") of December 14, 2012, on the fight against …
Cssf regulatory update
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WebOct 26, 2024 · The Financial Sector Supervisory Commission of Luxembourg (CSSF) published circulars on the revised framework of the long form report for credit institutions, … WebApr 12, 2024 · The CSSF states that it will continue to monitor IFMs’ compliance with the sustainability-related provisions as set out in SFDR, the RTS and Taxonomy Regulation. In so doing, the CSSF reiterates that it will take due consideration of the principles and guidance laid down in ESMA’s Supervisory Briefing on Sustainability risks and …
WebMar 28, 2024 · CSSF Updates SFDR FAQ. On 13 March 2024, Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (the "CSSF"), issued an updated FAQ 1 on Regulation (EU) 2024/2088 on sustainability-related disclosures in the financial sector ("SFDR") 2. SFDR prescribes mandatory disclosures to be made by … WebJul 28, 1995 · Regulatory framework. This section includes the regulatory framework reflecting the main international, European and national rules adopted and/or implemented by the CSSF as part of its missions and powers. These rules are presented in a descending order of authority.
WebApr 6, 2024 · CSSF issues regulation setting countercyclical buffer rate for Q2 2024 The CSSF has issued Regulation No. 23-01 on the setting of the ... INTERNATIONAL REGULATORY UPDATE 03 – 06 April 2024 12 Clifford Chance April 2024 which remains virtually unchanged. But apart from some minor changes, WebNov 16, 2024 · On 3 November 2024, the CSSF has announced in its Press Release 21/26 that it has published updated versions of (i) its FAQs on the Luxembourg law of 17 December 2010 relating to undertakings for collective investment ("FAQs on UCI Law"), and (ii) its FAQs on Regulation (EU) 2024/1131 on money market funds ("FAQs on MMF …
WebOct 29, 2024 · AML Luxembourg legislation and CSSF regulation further amended with immediate effect. On 20 August 2024, two pieces of legislation amending the applicable AML/CFT legal and regulatory framework were published: Grand-ducal Regulation of 14 August 2024 amending Grand-ducal Regulation of 1 February 2010 providing details on …
WebAug 6, 2024 · 1. PRIIPS / UCITS: no EC RTS update, UK-KID consultation continues. Following the European Commission’s (EC) “legal quick fixes” to extend the revised PRIIPS KID application and UCITS grandfathering exemption until 30 June 2024, there is no news to report on their legal adoption of the European Supervisory Authorities (ESAs) draft RTS ... ts4 wings hairWebJun 1, 2024 · The CSSF makes no difference between delegation and externalization or outsourcing which are in scope of the Circular’s delegation requirement; ... considering the evolution of business and regulatory updates, and assessed and reviewed at least annually; KPIs/KRIs should be in place and consider the services rendered, the number … ts4 white screenWebSep 11, 2024 · Luxembourg September 11 2024. Regulations amending CSSF Regulation N°12-02 and Grand Ducal Regulation of 1 February on the fight against money laundering and terrorist financing, which impact all ... phillip szuromiphillip sykes clarksville tnWebApr 11, 2024 · CSSF updates its FAQ on virtual assets. On 6 April 2024, the Luxembourg Commission de surveillance du secteur financier (the CSSF) updated its FAQ on Virtual Assets for UCIs. The CSSF clarified that a Luxembourg IFM does not need to be licensed to manage virtual assets in case its AIFs only indirectly invest in virtual assets through one … phillip s zettlerWebApr 12, 2024 · The CSSF will also integrate any additional regulatory developments on the topic (e.g., any developments arising out of ESMA’s ongoing work on Guidelines on funds’ names using ESG or ... phillip tabor davis okWebJul 27, 2024 · The CSSF informs those financial market participants which have not yet submitted to the CSSF the required updates to the prospectus/issuing documents of UCITS and/or AIFs in accordance with the provisions of the SFDR RTS and TR as set forth under Section 1 above, that the CSSF expects to receive the updated precontractual … phillip sykes attorney