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EU debates how to apply travel rule to cryptoassets

EU debates how to apply travel rule to cryptoassets
21/06/2022

Electronic payment transactions in the EU generally need to be accompanied by information about the payer and payee. EU lawmakers are now debating how to extend this requirement, known as the “travel rule”, to combat money laundering via cryptoassets.

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Introduction of a New eDesk Module – ePassporting

Introduction of a New eDesk Module – ePassporting
21/06/2022

Following the publication on 12 May 2022 of CSSF Circular 22/810 on pre-marketing and cross-border marketing notification procedures, the CSSF has released a new communication on the availability on eDesk of an ePassporting procedure.

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CSSF AML/CFT reporting tool: first reporting period approaches

CSSF AML/CFT reporting tool: first reporting period approaches
21/06/2022

Following the publication of three circular letters [1] in December 2021 introducing new prudential and AML/CFT reporting requirements, the Luxembourg Financial Sector Supervisory Authority (the CSSF) has made available a new module

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EBA guidelines on the role and responsibilities of the AML/CFT Compliance Officer

EBA guidelines on the role and responsibilities of the AML/CFT Compliance Officer
19/06/2022

On 14 June 2022, the European Banking Authority (“EBA”) released its guidelines on policies and procedures in relation to compliance management and the role and responsibilities of the anti-money laundering

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Governance within smaller banks - key takeaways from the ECB thematic review

Governance within smaller banks - key takeaways from the ECB thematic review
14/06/2022

In the context of its 2022-2024 Supervisory Priorities, the ECB carried out a thematic review of the governance arrangements of more than 200 smaller banks under its indirect supervision.

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CSSF Circular 22/811 on UCI Administrators

CSSF Circular 22/811 on UCI Administrators
03/06/2022

On 16 May 2022, the CSSF issued Circular 22/811 concerning the authorisation and organisation of entities acting as UCI administrators (“Circular”), which rewrites 

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Draft report on the Commission’s proposal to amend the AIFMD: key changes

Draft report on the Commission’s proposal to amend the AIFMD: key changes
24/05/2022

On 16 May 2022, the draft report on the proposal for a directive of the European Parliament and of the Council amending Directives 2011/61/EU on alternative investment fund managers (the AIFMD) and Directive 2009/65/EC on undertakings for collective investment in transferable securities (the UCITSD

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CSSF Circular 22/811 - Authorisation and Organisation of Entities Acting as UCI Administrators

CSSF Circular 22/811 - Authorisation and Organisation of Entities Acting as UCI Administrators
19/05/2022

On 16 May 2022, the Luxembourg financial regulator (the "CSSF") released Circular 22/811 on the authorisation and organisation of entities acting as UCI administrators (the "Circular")

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CSSF Circular 22/810 - Pre-marketing and Cross-border Marketing Notification Procedures

CSSF Circular 22/810 - Pre-marketing and Cross-border Marketing Notification Procedures
18/05/2022

On 12 May 2022, the CSSF published Circular 22/810 on the procedures to be followed by Luxembourg-based undertakings for collective investment in transferable securities (UCITS) and investment fund managers

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New CSSF Circular on UCI Administrators

New CSSF Circular on UCI Administrators
17/05/2022

The Commission de Surveillance du Secteur Financier issued a circular regarding the authorisation and organisation of entities acting as UCI administrator

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