Luxembourg Financial Regulatory News:
In order to easily digest the information, in this article at https://ratiofy.lu/, we try to understand the nuances under the information published in the newsletter number 296 from the Commission de Surveillance du Secteur Financier (CSSF), which details regulatory warnings, statistics, and updates on the financial sector as of September 2025, published in CSSF September 2025 Newsletter.
Please refer to the official link of the CSSF September 2025 report (# 296) at https://www.cssf.lu/en/Document/cssf-newsletter-no-296-september-2025/
CSSF Warnings on Fraudulent Activities under CSSF September 2025 Newsletter:
The CSSF has issued multiple warnings regarding fraudulent entities and websites.
- Warnings include fraudulent activities by Lyfelete, Adagio, Astellon Fund SA, Credit Finess S.A., and others.
- Specific websites flagged include www.investholvi.com, www.diamondassetmagts.org, and www.orbimount.io etc.
- The CSSF advises verifying the supervision status of entities through their “Search Entities” application.
National Regulation Updates under CSSF September 2025 Newsletter:
The CSSF has adopted new guidelines related to sanctions compliance.
- Circular CSSF 25/896 refers to the EBA Guidelines on internal policies and controls for implementing restrictive measures.
- The circular is available for public access on the CSSF website.
Monthly Statistics on Financial Entities under CSSF September 2025 Newsletter:
Recent statistics show varying trends in the balance sheets of specialized and support PFS.
- Specialized PFS experienced a decrease in balance sheet total as of July 2025.
- Support PFS saw an increase in balance sheet total during the same period.
Overview of UCIs as of July 2025 under CSSF September 2025 Newsletter:
The total number of UCIs and their net assets are reported.
- Total UCIs: 3,096, with net assets amounting to €5,906.147 billion.
- Breakdown includes 1,105 FCPs, 1,782 SICAVs, and 170 SICARs.
Net Assets of UCIs by Category under CSSF September 2025 Newsletter:
Net assets of various UCI categories are detailed.
- Part I (law 2010) has net assets of €4,896.573 billion.
- Part II (law 2010) totals €219.178 billion, while SIFs account for €711.305 billion.
Investment Policy Breakdown of Net Assets under CSSF September 2025 Newsletter:
The net assets of UCIs are categorized by investment policy.
- Fixed-Income Transferable Securities: €1,423.507 billion.
- Variable-Yield Transferable Securities: €2,009.798 billion.
- Total net assets across all categories amount to €5,906.147 billion.
Origin of Initiators of Luxembourg UCIs under CSSF September 2025 Newsletter:
The geographical distribution of UCI initiators is outlined.
- US initiators hold €1,149.013 billion (19.5% of total).
- UK and Germany follow with €991.618 billion (16.8%) and €869.036 billion (14.7%), respectively.
Currency Distribution of Net Assets under CSSF September 2025 Newsletter:
The distribution of net assets by currency is provided.
- Euro (EUR) dominates with €3,197.933 billion (54.19%).
- US Dollar (USD) accounts for €2,336.820 billion (39.44%).
CSSF Approvals for Prospectuses under CSSF September 2025 Newsletter:
The CSSF’s approval statistics for prospectuses are summarized.
- In August 2025, 114 documents were approved, including 19 base prospectuses and 88 supplements.
- The trend shows a consistent number of approvals over the months.
Employment Trends in Financial Sector under CSSF September 2025 Newsletter:
Total employment in the financial sector shows a steady increase.
- As of August 2025, total employment reached approximately 52,235.
- The trend indicates a gradual rise in employment numbers over the past years.
European and International Regulatory Updates under CSSF September 2025 Newsletter:
Key updates from European regulatory bodies are highlighted.
- The EBA published results of the 2025 EU-wide stress test, confirming resilience in European banks.
- ESMA signed a MoU with the European Environment Agency to enhance cooperation in sustainable finance.
Macroprudential Developments and CCyB Rates under CSSF September 2025 Newsletter:
Updates on macroprudential policies and countercyclical capital buffer (CCyB) rates are provided.
- Various EU countries have announced CCyB rates, with Luxembourg maintaining a rate of 0.5%.
- The list of applicable CCyB rates is available on the ESRB website.
Deregistrations of Financial Entities under CSSF September 2025 Newsletter:
The text lists the deregistrations of specific individuals from the financial sector.
- Thomas Grünwald, John Parkhouse, Marie-Elisa Roussel, and Olivier Roussel have been deregistered.
Financial Centre Overview and Performance under CSSF September 2025 Newsletter:
The financial centre shows significant growth in various sectors as of mid-2025.
- Balance sheet total increased by EUR 34.6 billion to EUR 965.5 billion.
- Profit before provisions and taxes decreased by EUR 0.3 billion to EUR 5.1 billion.
- Payment institutions decreased by 1 entity to 17 (3 branches).
- Electronic money institutions remained stable at 12 (1 branch).
- UCIs increased by 103 entities, totaling 2,926.
- Total net assets rose by EUR 286.930 billion to EUR 5,906.147 billion.
Investment Fund Managers and Entities under CSSF September 2025 Newsletter:
The number of authorized investment fund managers and related entities has seen varied changes.
- Authorized Investment Fund Managers decreased by 1 entity to 296.
- Balance sheet total for these managers increased by EUR 288 million to EUR 23.488 billion.
- Pension funds remained stable at 9 entities.
- Investment firms decreased by 4 entities to 87 (8 branches).
Employment Trends in Financial Sector under CSSF September 2025 Newsletter:
Employment figures in the financial sector reflect both growth and slight declines in certain areas.
- Total employment reached 60,964 people, an increase of 466 people.
- Banks employed 26,394 people, with a decrease of 18 people.
- Investment firms saw a decrease of 18 people, totaling 1,806.
- Specialised PFS employed 7,471 people, down by 21 people.
- Payment institutions/electronic money branches abroad employed 1,005 people, an increase of 144 people.
This news can be considered beneficial under CSSF-Circulars, Central Securities Depositories (CSDs) News, Credit Institutions News, Crowdfunding service providers (CSPs) News, Crypto-Assets Service Providers (CASPs) and Virtual Asset Service Providers (VASPs) News, Data Reporting Service Providers (DRSPs) News, EU Regulations, Explanation, IFMs (AIFMs, ManCos) News, Investment Firms News, Issuers of Tokens (EMTs, ARTs) News, Multimedia, Must Read, Opinion, Payment Institutions (PIs) / Electronic Money Institutions (EMIs) /AISPs News, Pension funds News, PFS/PSF News, Undertakings for collective investment (UCIs).
The pre-filled example templates for many CSSF Circulars should be available at https://ratiofy.lu/templates/ from Christmas 2025.
