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.

Circular CSSF 26/908 (Amendment of Circular CSSF 18/703) - RatiofyLu

Circular CSSF 26/908 (Amendment of Circular CSSF 18/703 on the introduction of a semi-annual reporting of borrower related residential real estate indicators): 5 Surprising Ways Luxembourg’s New Real Estate Rules Impact the Market

CSSF-Circulars, Credit Institutions News, Explanation / By

Luxembourg Financial Regulatory News: CSSF Circulars: Circular CSSF 26/908 brings the regulatory update from the Commission de Surveillance du Secteur Financier (CSSF), which modifies existing guidelines for residential real estate lenders in Luxembourg. The document introduces updated semi-annual reporting requirements concerning specific borrower indicators, such as loan-to-value (LTV) and debt-to-income […]

Circular CSSF 26/908 (Amendment of Circular CSSF 18/703 on the introduction of a semi-annual reporting of borrower related residential real estate indicators): 5 Surprising Ways Luxembourg’s New Real Estate Rules Impact the Market Read More »

Circular CSSF 26/907 Sets the Requirements applicable to Special Réviseur d’Entreprises Agréé (Approved Statutory Auditor) for Credit Institutions

Circular CSSF 26/907 Sets the Requirements applicable to Special Réviseur d’Entreprises Agréé (Approved Statutory Auditor) for Credit Institutions Issuing Covered Bonds: 4 Surprising Facts

CSSF-Circulars, Credit Institutions News, Explanation / By

Luxembourg Financial Regulatory News: CSSF Circulars: Circular CSSF 26/907 defines the specific supervisory and auditing requirements for credit institutions issuing covered bonds (lettres de gage) and outlines the strict duties of their special approved statutory auditors (REAS). The circular mandates

Circular CSSF 26/907 Sets the Requirements applicable to Special Réviseur d’Entreprises Agréé (Approved Statutory Auditor) for Credit Institutions Issuing Covered Bonds: 4 Surprising Facts Read More »

Circular CSSF 26/906 Central administration, internal governance and risk management

Circular CSSF 26/906 on Central administration, Internal Governance and Risk Management Goes Beyond the Mailbox: 5 Surprising Shifts in Luxembourg’s New Governance Framework for PIs and EMIs with Inspiration from Directive (EU) 2015/2366 (EBA/GL/2017/09)

CSSF-Circulars, Credit Institutions News, Explanation, Must Read, Payment Institutions (PIs) / Electronic Money Institutions (EMIs) /AISPs News / By

Luxembourg Financial Regulatory News: CSSF Circulars: Circular CSSF 26/906 establishes a consolidated regulatory framework for the central administration, internal governance, and risk management of payment institutions, electronic money institutions, and account information service providers operating in Luxembourg. Repealing several older

Circular CSSF 26/906 on Central administration, Internal Governance and Risk Management Goes Beyond the Mailbox: 5 Surprising Shifts in Luxembourg’s New Governance Framework for PIs and EMIs with Inspiration from Directive (EU) 2015/2366 (EBA/GL/2017/09) Read More »

Circular CSSF 26/905, applying EBA Guidelines on ESG risks (EBA/GL/2025/01)

Circular CSSF 26/905: Application of the Guidelines of the European Banking Authority on the management of environmental, social and governance (ESG) risks (EBA/GL/2025/01) and The 10-Year Horizon

CSSF-Circulars, Credit Institutions News, EU Regulations, Explanation / By

Luxembourg Financial Regulatory News: CSSF Circulars: Circular CSSF 26/905 formally integrates the European Banking Authority’s Guidelines (EBA/GL/2025/01) on the management of environmental, social, and governance (ESG) risks into Luxembourg’s supervisory framework for Less Significant Institutions (LSIs). The circular requires these

Circular CSSF 26/905: Application of the Guidelines of the European Banking Authority on the management of environmental, social and governance (ESG) risks (EBA/GL/2025/01) and The 10-Year Horizon Read More »

Circular CSSF 26/904 updates Circular CSSF 24/853 on the Long Form Report concerning the SAQ to be submitted by investment firms

Circular CSSF 26/904 updates Circular CSSF 24/853 on the Long Form Report Concerning the SAQ to be Submitted by Investment Firms

CSSF-Circulars, Explanation, Investment Firms News, Must Read / By

Luxembourg Financial Regulatory News: CSSF Circulars: Circular CSSF 26/904 amends the existing reporting framework under Circular CSSF 24/853 for investment firms and Luxembourg branches of non-EU investment firms to better align the self-assessment questionnaire (SAQ) with current supervisory priorities. The

Circular CSSF 26/904 updates Circular CSSF 24/853 on the Long Form Report Concerning the SAQ to be Submitted by Investment Firms Read More »

Circular CSSF 25/903 updating Circular CSSF 24/850 on Descriptive Report and SAQ for support PFS

Circular CSSF 25/903: Update of Circular CSSF 24/850 on the practical rules concerning the descriptive report and the self-assessment questionnaire to be submitted on an annual basis by support PFS, as well as the engagement of the réviseurs d’entreprises agréés (approved statutory auditors) of support PFS and practical rules concerning the management letter and the separate report to be drawn up on an annual basis.

CSSF-Circulars, PFS/PSF News / By

Luxembourg Financial Regulatory News: CSSF Circulars: Circular CSSF 25/903 updates the existing framework (Circular CSSF 24/850) governing the annual reporting obligations for support Professionals of the Financial Sector (PFS) and their approved statutory auditors (REAs). The primary amendment is the

Circular CSSF 25/903: Update of Circular CSSF 24/850 on the practical rules concerning the descriptive report and the self-assessment questionnaire to be submitted on an annual basis by support PFS, as well as the engagement of the réviseurs d’entreprises agréés (approved statutory auditors) of support PFS and practical rules concerning the management letter and the separate report to be drawn up on an annual basis. Read More »

Circular CSSF 25/902 Repeal of Circular CSSF 19/731 Regarding the Documents to be Submitted on an Annual Basis by Credit Institutions

Circular CSSF 25/902 Repeals the Circular CSSF 19/731 Regarding the Documents to be Submitted on an Annual Basis by Credit Institutions

CSSF-Circulars, Credit Institutions News, Explanation, Must Read / By

Luxembourg Financial Regulatory News: CSSF Circulars: Circular CSSF 25/902 streamlines the annual reporting process for credit institutions by repealing the older Circular CSSF 19/731. While the core obligation to submit key annual documents—such as external audit reports, ICAAP and ILAAP

Circular CSSF 25/902 Repeals the Circular CSSF 19/731 Regarding the Documents to be Submitted on an Annual Basis by Credit Institutions Read More »

Circular CSSF 25/901 relating to specialised investment funds, investment companies in risk capital and undertakings for collective investment subject to Part II of the Law of 17 December 2010

What can We Understand from Circular CSSF 25/901 Relating to Specialised Investment Funds, Investment Companies in Risk Capital and Undertakings for Collective Investment

CSSF-Circulars, Credit Institutions News, Explanation, IFMs (AIFMs, ManCos) News, Investment Firms News, Undertakings for collective investment (UCIs) / By

Luxembourg Financial Regulatory News: CSSF Circulars: Circular CSSF 25/901 modernises and consolidates the regulatory framework for Luxembourg’s specialised investment funds (SIFs), investment companies in risk capital (SICARs), and Part II UCIs. By repealing and replacing several older circulars, it establishes

What can We Understand from Circular CSSF 25/901 Relating to Specialised Investment Funds, Investment Companies in Risk Capital and Undertakings for Collective Investment Read More »

Circular CSSF 25/900 Amends Circular CSSF 22/811 on Authorisation and organisation of entities acting as UCI administrators

Circular CSSF 25/900 Amends Circular CSSF 22/811 on Authorisation and organisation of entities acting as UCI administrators: 5 Critical Takeaways

CSSF-Circulars, Credit Institutions News, Explanation, IFMs (AIFMs, ManCos) News, Must Read, Undertakings for collective investment (UCIs) / By

Luxembourg Financial Regulatory News: CSSF Circulars: Circular CSSF 25/900 amends Circular CSSF 22/811, which governs the authorization and organization of Undertaking for Collective Investment (UCI) administrators. A primary change introduced by this circular is the immediate repeal of Annex B,

Circular CSSF 25/900 Amends Circular CSSF 22/811 on Authorisation and organisation of entities acting as UCI administrators: 5 Critical Takeaways Read More »

Circular CSSF 25/899 Application of the Guidelines of the European Banking Authority on Acquisition, Development, and Construction (ADC) exposures to residential property under Article 126a of Regulation (EU) 575/2013 (EBA/GL/2025/03)

Circular CSSF 25/899 and The 150% Risk Weight Escape Room: Do You have Good Understanding of the New Rules for Residential Development?

CSSF-Circulars, Credit Institutions News, Explanation, Investment Firms News, Must Read / By

Luxembourg Financial Regulatory News: CSSF Circulars: Circular CSSF 25/899 formally integrates the European Banking Authority’s Guidelines (EBA/GL/2025/03) concerning Acquisition, Development, and Construction (ADC) exposures to residential property into Luxembourg’s regulatory framework. Applicable with immediate effect to Less Significant Institutions and

Circular CSSF 25/899 and The 150% Risk Weight Escape Room: Do You have Good Understanding of the New Rules for Residential Development? Read More »