Cssf regulatory update
WebSep 11, 2024 · Luxembourg September 11 2024. Regulations amending CSSF Regulation N°12-02 and Grand Ducal Regulation of 1 February on the fight against money laundering and terrorist financing, which impact all ... WebJul 2, 2024 · The Hong Kong Monetary Authority (HKMA) issued several regulatory updates for banks. One among them is the consultation, which ends on March 13, 2024, …
Cssf regulatory update
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WebApr 12, 2024 · The CSSF states that it will continue to monitor IFMs’ compliance with the sustainability-related provisions as set out in SFDR, the RTS and Taxonomy Regulation. In so doing, the CSSF reiterates that it will take due consideration of the principles and guidance laid down in ESMA’s Supervisory Briefing on Sustainability risks and … WebMar 28, 2024 · CSSF Updates SFDR FAQ. On 13 March 2024, Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (the "CSSF"), issued an updated FAQ 1 on Regulation (EU) 2024/2088 on sustainability-related disclosures in the financial sector ("SFDR") 2. SFDR prescribes mandatory disclosures to be made by …
WebFeb 22, 2024 · Circular CSSF 21/789 The circular introduces the following new requirements for all authorized IFMs, self-managed investment companies, and self-managed … WebNov 16, 2024 · On 3 November 2024, the CSSF has announced in its Press Release 21/26 that it has published updated versions of (i) its FAQs on the Luxembourg law of 17 December 2010 relating to undertakings for collective investment ("FAQs on UCI Law"), and (ii) its FAQs on Regulation (EU) 2024/1131 on money market funds ("FAQs on MMF …
WebDec 31, 2024 · REGULATORY CLIENT UPDATE / JANUARY 2024. Highlights: The CSSF has published three circulars (21/788, 21/789 and 21/790) with the aim of improving the Risk-Based Supervision of IFMs and UCIs. ... This document must be prepared annually by an approved statutory auditor in accordance with article 49 of CSSF Regulation 12-02 … WebNov 5, 2024 · This new Regulation (the “New Regulation”), of 14 August 2024, amends Commission de Surveillance du Secteur Financier (“CSSF”) Regulation 12‑02 of 14 …
WebMar 29, 2024 · REGULATORY CLIENT UPDATE / MAY 2024 ... CSSF announces Annual AML Audit of AIFMs and Management Companies. The CSSF announced that it plans to issue a Circular in 2024 detailing the requirements for an annual external AML audit of AIFMs and Management Companies. Registered AIFMs who do not yet have an external …
WebApr 12, 2024 · On 13 March 2024, the CSSF updated the FAQ11 to include new questions relating to (1) use of ESG and/or sustainability related terminology in fund names, and … rawlinson middle school san antonio txWebDec 21, 2024 · On 2 December 2024, Luxembourg’s supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF) published an FAQ 1 that seeks to clarify certain items under the Sustainable Finance Disclosure Regulation (SFDR) 2.The CSSF is not the first national supervisory authority in the European Union to publish guidance on … rawlinson middle school newsWebFeb 17, 2024 · The 2024 questionnaire on financial crime contributes to the CSSF’s ongoing assessment of money laundering and terrorism financing risks present in the financial sectors under its AML/CFT supervision, and forms part of the AML/CFT risk-based supervision approach put in place by the CSSF. The 2024 questionnaire remains mostly … rawlinson middle school ratingWebJul 27, 2024 · The CSSF informs those financial market participants which have not yet submitted to the CSSF the required updates to the prospectus/issuing documents of UCITS and/or AIFs in accordance with the provisions of the SFDR RTS and TR as set forth under Section 1 above, that the CSSF expects to receive the updated precontractual … rawlinson moversWebJul 2, 2024 · By Regulatory News. The Financial Sector Supervisory Commission of Luxembourg (CSSF or Commission de Surveillance du Secteur Financier) published Regulation No. 21-02 to set the countercyclical buffer rate for banks at 0.50%, for the third quarter of 2024. Annex 1 to the regulation lays out elements that have been considered … rawlinson middle school volleyballWebAug 6, 2024 · The Financial Services Compliance and Regulation practice of Kroll provides updates from the French financial regulator Autorité des marchés financiers (AMF) and … rawlinson movers reviewsWebApr 12, 2024 · The CSSF will also integrate any additional regulatory developments on the topic (e.g., any developments arising out of ESMA’s ongoing work on Guidelines on funds’ names using ESG or ... simple harmless pranks