Explanation

Explanation of the news and updates related to the CSSF Circulars and EU Regulations for the financial institutions in Luxembourg, e.g., Banks, PFs / PSF, AIFMs, ManCos, PIs, EMIs 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: 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 (DTI) ratios. These […]

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

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Luxembourg Financial Regulatory News: 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 that the

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 Goes Beyond the Mailbox: 5 Surprising Shifts in Luxembourg’s New Governance Framework for Payment Institutions (PIs) and Electronic Money Institutions (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: 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 circulars to

Circular CSSF 26/906 Goes Beyond the Mailbox: 5 Surprising Shifts in Luxembourg’s New Governance Framework for Payment Institutions (PIs) and Electronic Money Institutions (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)

The 10-Year Horizon: With Circular CSSF 26/905, How EBA Guidelines on the Management of ESG risks (EBA/GL/2025/01) are Turning ESG into the Ultimate Risk Driver

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

Luxembourg Financial Regulatory News: 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 institutions to

The 10-Year Horizon: With Circular CSSF 26/905, How EBA Guidelines on the Management of ESG risks (EBA/GL/2025/01) are Turning ESG into the Ultimate Risk Driver 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

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Luxembourg Financial Regulatory News: 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 update introduces

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 25/902 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

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Luxembourg Financial Regulatory News: 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 reports, self-assessment

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: 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 a single,

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: 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, which previously

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: 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 Luxembourg-incorporated CRR

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 »

Circular CSSF 25/898 Update of Circular CSSF 07/325 on the provisions relating to credit institutions and investment firms of EU origin established in Luxembourg by way of branches or exercising activities in Luxembourg by way of free provision of services (as amended by Circulars CSSF 21/765 and CSSF 22/827)

Did you think that Circular CSSF 25/898 Was Just a Checklist for Credit Institutions and Investment Firms of EU origin in Luxembourg?

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

Circular CSSF 25/898
Update of Circular CSSF 07/325 on Provisions relating to credit institutions and investment firms of EU origin established in Luxembourg by way of branches or exercising activities in Luxembourg by way of free provision of services, as amended by Circulars CSSF 21/765 and CSSF 22/827

Did you think that Circular CSSF 25/898 Was Just a Checklist for Credit Institutions and Investment Firms of EU origin in Luxembourg? Read More »