CSSF-Circulars

The CSSF Circulars in Luxembourg are issued by CSSF for the Financial Institutions such as Credit Institutions (banks), AIFMs, ManCos, Payment Institutes, EMIs, PFS / PSF etc.

CSSF Annual Report 2025: Overview of the CSSF’s activities and initiatives in 2025 in Luxembourg

CSSF Annual Report 2025: Overview of the CSSF’s activities and initiatives in 2025 in Luxembourg

Luxembourg Financial Regulatory Advisory, Tools, Templates: In this article, we provide the excerpts from the CSSF Annual Report 2025, which outlines the activities and regulatory focus of Luxembourg’s financial supervisor. A central theme is the transformative impact of artificial intelligence, emphasizing its […]

CSSF Annual Report 2025: Overview of the CSSF’s activities and initiatives in 2025 in Luxembourg Read More »

Circular CSSF 26/915 on the applicability of the Digital Operational Resilience Act (DORA) to third-country branches in Luxembourg amending Circulars CSSF 20/750, 22/806, 25/881, 25/882, 25/883, 25/892 and 25/893

Circular CSSF 26/915 on the applicability of the Digital Operational Resilience Act (DORA) to third-country branches in Luxembourg amending Circulars CSSF 20/750, 22/806, 25/881, 25/882, 25/883, 25/892 and 25/893

Luxembourg Financial Regulatory Advisory, Tools, Templates: The Circular CSSF 26/915 establishes that the Digital Operational Resilience Act (DORA) officially applies to third-country branches (TCBs) operating within Luxembourg. This regulatory update follows a European Commission clarification confirming that these branches must meet the same ICT risk management and operational resilience standards

Circular CSSF 26/915 on the applicability of the Digital Operational Resilience Act (DORA) to third-country branches in Luxembourg amending Circulars CSSF 20/750, 22/806, 25/881, 25/882, 25/883, 25/892 and 25/893 Read More »

CSSF Newsletter No 306 - July 2026 in Luxembourg-Ratiofy.Lu

CSSF Newsletter No 306 – July 2026 in Luxembourg. Do you know what it says?

Luxembourg Financial Regulatory Advisory, Tools, Templates: The CSSF Newsletter No 306 – July 2026 in Luxembourg serves as a comprehensive regulatory update for the Luxembourg financial sector as of July 2026. It highlights critical public warnings regarding fraudulent websites and identity theft while detailing new national regulations concerning

CSSF Newsletter No 306 – July 2026 in Luxembourg. Do you know what it says? Read More »

Circular CSSF 26/914: Identification of obliged entities eligible for direct supervision by AMLA in Luxembourg. Ratiofy.Lu Explanation.

Circular CSSF 26/914: Identification of obliged entities eligible for direct supervision by AMLA in Luxembourg. Are you impacted?

Luxembourg Financial Regulatory Advisory, Tools, Templates: CSSF Circulars: The Circular CSSF 26/914 from the Commission de Surveillance du Secteur Financier (CSSF) outlines a mandatory data collection exercise for various Luxembourg-based financial institutions, including banks, investment firms, and crypto-asset providers. The primary objective is to

Circular CSSF 26/914: Identification of obliged entities eligible for direct supervision by AMLA in Luxembourg. Are you impacted? Read More »

Circular CSSF 26/913: Application of the Guidelines of the European Banking Authority on ancillary services undertakings specifying the criteria for the identification of activities referred to in Article 4(1)(18) of Regulation (EU) No 575/2013 (EBA/GL/2026/01) in Luxembourg. Do you understand the framework?

Circular CSSF 26/913: Application of the Guidelines of the European Banking Authority on ancillary services undertakings specifying the criteria for the identification of activities referred to in Article 4(1)(18) of Regulation (EU) No 575/2013 (EBA/GL/2026/01) in Luxembourg. Do you understand the framework?

Luxembourg Financial Regulatory Advisory, Tools, Templates: CSSF Circulars: The circular CSSF 26/913 outlines the regulatory framework established by the European Banking Authority (EBA) to identify ancillary services undertakings (ASUs) within the financial sector. The Circular CSSF 26/913 formalizes the adoption of these standards in Luxembourg, ensuring that local credit

Circular CSSF 26/913: Application of the Guidelines of the European Banking Authority on ancillary services undertakings specifying the criteria for the identification of activities referred to in Article 4(1)(18) of Regulation (EU) No 575/2013 (EBA/GL/2026/01) in Luxembourg. Do you understand the framework? Read More »

Circular CSSF 26/912: Repeal of Circular IML 91/75 related to the revision and remodelling of the rules in Luxembourg on undertakings for collective investment ("UCI")

Circular CSSF 26/912: Repeal of Circular IML 91/75 related to the revision and remodelling of the rules to which Luxembourg undertakings governed by the Law of 30 March 1988 on undertakings for collective investment (“UCI”) are subject. Are you in the scope?

Luxembourg Financial Regulatory Advisory, Tools, Templates: CSSF Circulars: The Circular CSSF 26/912 serves as an official notice from Luxembourg’s financial regulatory authority to formally annul Circular IML 91/75. This action updates the regulatory landscape for undertakings for collective investment (UCIs) by removing outdated

Circular CSSF 26/912: Repeal of Circular IML 91/75 related to the revision and remodelling of the rules to which Luxembourg undertakings governed by the Law of 30 March 1988 on undertakings for collective investment (“UCI”) are subject. Are you in the scope? Read More »

Circular CSSF 26/911: ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation – Update 2025 (ESMA50-481369926-30585) in Luxembourg. Are you aware?

Circular CSSF 26/911: ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation – Update 2025 (ESMA50-481369926-30585) in Luxembourg. Are you aware?

Luxembourg Financial Regulatory Advisory, Tools, Templates: CSSF Circulars: The Circular CSSF 26/911 and the accompanying ESMA Final Report outline the updated 2025 guidelines for conducting stress test scenarios within the Money Market Fund (MMF) sector. These regulatory documents require fund managers to simulate severe financial shocks, including geopolitical instability, heightened asset volatility,

Circular CSSF 26/911: ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation – Update 2025 (ESMA50-481369926-30585) in Luxembourg. Are you aware? Read More »

NIS2 in Luxembourg under Law of 5 May 2026 concerning measures to ensure a high level of cybersecurity-Ratiofy.Lu

NIS2 in Luxembourg under Law of 5 May 2026 concerning measures to ensure a high level of cybersecurity in Luxembourg. Are you ready?

Luxembourg Financial Regulatory Advisory, Tools, Templates: The article explains the Luxembourgish law of May 5, 2026, which establishes a comprehensive legal framework to ensure high-level cybersecurity across the nation. Transposing the European NIS 2 Directive, the legislation identifies essential and important entities across critical sectors such

NIS2 in Luxembourg under Law of 5 May 2026 concerning measures to ensure a high level of cybersecurity in Luxembourg. Are you ready? Read More »

April 2026 CSSF Newsletter No 303: What happened during last month in the Financial Sector in Luxembourg?

April 2026 CSSF Newsletter No 303: What happened during last month in the Financial Sector in Luxembourg?

Luxembourg Financial Regulatory Advisory, Tools, Templates: The April 2026 CSSF Newsletter No 303 from the Commission de Surveillance du Secteur Financier (CSSF) serves as a comprehensive update on the Luxembourg financial scene. It highlights critical security warnings regarding fraudulent websites and provides detailed regulatory circulars concerning crypto-assets and liquidity

April 2026 CSSF Newsletter No 303: What happened during last month in the Financial Sector in Luxembourg? Read More »

Circular CSSF 26/910 ESMA Guidelines on Liquidity Management Tools (LMTs) of UCITS and open-ended AIFs (ESMA34-671404336-1364): What are the new rules and instructions regarding LMTs in Luxembourg?

Circular CSSF 26/910 ESMA Guidelines on Liquidity Management Tools (LMTs) of UCITS and open-ended AIFs (ESMA34-671404336-1364): What are the new rules and instructions regarding LMTs in Luxembourg?

Luxembourg Financial Regulatory Advisory, Tools, Templates: CSSF Circulars: Let’s understand the new rules and instructions regarding Liquidity Management Tools (LMTs). These guidelines were created by the European Securities and Markets Authority (ESMA) and are being applied in Luxembourg by the

Circular CSSF 26/910 ESMA Guidelines on Liquidity Management Tools (LMTs) of UCITS and open-ended AIFs (ESMA34-671404336-1364): What are the new rules and instructions regarding LMTs in Luxembourg? Read More »