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.

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Annual CSSF 2024 Report: Visual Explanation

Must Read, Explanation, Opinion / By

Interactive Report: CSSF Annual Report 2024 CSSF Report 2024 Strategic Outlook Key Priorities Sector Performance Regulatory & Governance Strategic OutlookKey PrioritiesSector PerformanceRegulatory & Governance Interactive Briefing for Easy Understanding An interactive briefing on the CSSF’s 2024 Annual Report, highlighting Luxembourg’s […]

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CSSF Annual Report 2024 Published: Some Expected, Some Unexpected.

CSSF-Circulars, Explanation, IFMs (AIFMs, ManCos) News, Must Read, Opinion / By

The following text summarizes the main themes and most important ideas or facts from the CSSF Annual Report 2024, highlighting Luxembourg’s financial sector in a rapidly evolving global landscape. For more detailed information, please refer to the full report at

CSSF Annual Report 2024 Published: Some Expected, Some Unexpected. Read More »

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CSSF Circular 25/895 requires Luxembourg credit institutions with “lettres de gage” to submit both quarterly data in standardized Excel tables and an annual free-form PDF report

CSSF-Circulars, Explanation / By

This circular, dated July 31, 2025, defines the format and procedures for credit institutions under Luxembourg law to report on their lettres de gage (covered bonds). In application of the 2021 law on covered bonds, it requires regular reporting to

CSSF Circular 25/895 requires Luxembourg credit institutions with “lettres de gage” to submit both quarterly data in standardized Excel tables and an annual free-form PDF report Read More »

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CSSF Circular 25/892 requires financial entities in Luxembourg to provide the CSSF with an estimation of aggregated annual costs from major ICT incidents upon request

CSSF-Circulars, Explanation / By

CSSF Circular 25/892, effective May 31, 2025, informs financial entities in Luxembourg that the CSSF fully applies the Joint ESAs’ Guidelines on estimating costs and losses from major ICT-related incidents under the DORA regulation. The circular requires financial entities, except

CSSF Circular 25/892 requires financial entities in Luxembourg to provide the CSSF with an estimation of aggregated annual costs from major ICT incidents upon request Read More »

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CSSF Circular 25/884 applies EBA guidelines on sound remuneration policies and clarifies requirements for SNI IFR investment firms.

CSSF-Circulars, Explanation / By

CSSF Circular 25/884, effective April 14, 2025, requires all IFR investment firms to adhere to new guidelines on remuneration policies. The circular’s primary purpose is to apply the EBA Guidelines (EBA/GL/2021/13) for non-SNI IFR investment firms, promoting gender-neutral and sound

CSSF Circular 25/884 applies EBA guidelines on sound remuneration policies and clarifies requirements for SNI IFR investment firms. Read More »

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CSSF Circular 25/882 Released, Guiding Financial Entities On DORA-Compliant Use of ICT Third-Party Services, And Reporting Requirements

CSSF-Circulars, Explanation, Must Read / By

CSSF Circular 25/882, effective April 9, 2025, provides practical guidance for financial entities on using ICT third-party services under DORA. It applies to a broad range of institutions, detailing requirements for contractual arrangements, professional secrecy, and daily backups of accounting

CSSF Circular 25/882 Released, Guiding Financial Entities On DORA-Compliant Use of ICT Third-Party Services, And Reporting Requirements Read More »

Circular CSSF 25/896 Mandates EBA Guidelines Related to Union and National Restrictive Measures (sanctions)

CSSF-Circulars, Explanation, Must Read / By

Prepare for a major change in how your firm handles sanctions. Starting December 30, 2025, the CSSF’s new Circular 25/896 will require all financial institutions in Luxembourg to follow strict European guidelines for sanctions compliance. This applies to everyone, from

Circular CSSF 25/896 Mandates EBA Guidelines Related to Union and National Restrictive Measures (sanctions) Read More »