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.

CSSF Communication to the investment fund industry regarding the “LMT activation” module in relation to additional liquidity management requirements for Luxembourg-domiciled UCITS, ManCos and AIFMs

CSSF Communication to the investment fund industry regarding the “LMT activation” module in relation to additional liquidity management requirements for Luxembourg-domiciled UCITS, ManCos and AIFMs

Luxembourg Financial Regulatory Advisory, Tools, Templates: On April 10, 2026, the Commission de Surveillance du Secteur Financier (CSSF) announced the launch of the “LMT activation” module within its eDesk portal. This initiative follows the transposition of Directive (EU) 2024/927 into

CSSF Communication to the investment fund industry regarding the “LMT activation” module in relation to additional liquidity management requirements for Luxembourg-domiciled UCITS, ManCos and AIFMs Read More »

CSSF Alert for cybersecurity breach: Active supply chain attack targeting Axios NPM

CSSF Alert for cybersecurity breach: Active supply chain attack targeting Axios NPM

Luxembourg Financial Regulatory Advisory, Tools, Templates: The CSSF issued an urgent warning regarding a cybersecurity breach targeting the Axios library, a widely used tool for handling web requests. Malicious actors infiltrated the supply chain by hijacking developer accounts to insert a harmful dependency known as plain-crypto-js. This intrusion poses

CSSF Alert for cybersecurity breach: Active supply chain attack targeting Axios NPM Read More »

The CSSF’s 2026 priorities for supervising the investment fund sector according to the communication published on 31 March 2026

The CSSF’s 2026 priorities for supervising the investment fund sector in Luxembourg according to  the communication published on 31 March 2026

Luxembourg Financial Regulatory Advisory, Tools, Templates: Briefing Document: CSSF’s 2026 priorities for supervising for the Investment Fund Sector Executive Summary The Commission de Surveillance du Secteur Financier (CSSF) has established its supervisory priorities for 2026, centering on the dual mission

The CSSF’s 2026 priorities for supervising the investment fund sector in Luxembourg according to  the communication published on 31 March 2026 Read More »

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

Luxembourg Financial Regulatory Advisory, Tools, Templates: 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

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

Luxembourg Financial Regulatory Advisory, Tools, Templates: 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 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)

Luxembourg Financial Regulatory Advisory, Tools, Templates: 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

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

Luxembourg Financial Regulatory Advisory, Tools, Templates: 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

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

Luxembourg Financial Regulatory Advisory, Tools, Templates: 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

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

Luxembourg Financial Regulatory Advisory, Tools, Templates: 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

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

Luxembourg Financial Regulatory Advisory, Tools, Templates: 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,

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 »