CSSF Newsletter – August 2016
The CSSF published its August 2016 newsletter (number 187), which provides updates in relation to recent national regulation and statistics.
EBA Guidelines on Communication Between Supervisors and Auditors
The CSSF draws attention to the publication by the European Banking Authority of its final guidelines on the communication between competent authorities supervising credit institutions and statutory auditors of those institutions.
Audit Regulators in USA and Luxembourg Extend Cooperation Agreement
The CSSF draws attention to the extension of the statement of protocol, initially concluded on September 17, 2015, with regard to the oversight of audit firms subject to the regulatory jurisdictions of both regulators between the USA’s supervisory authority of audit firms, the Public Company Accounting Board (“PCAOB”) and the Commission de Surveillance du Secteur Financier (“CSSF”) in Luxembourg.
Luxembourg Undertakings for Collective Investment at the End of June 2016
In its press release 16/33, the CSSF summarizes the global situation of Undertakings for Collective Investment and Specialised Investment Funds as at the end of June 2016 by providing (i) an overview thereof and (ii) an indication of the number of net assets of (a) Undertakings for Collective Investment in accordance with Part I and II of the Law of 17 December 2010 relating to Undertakings for Collective Investments, and (b) Specialised Investment Funds in accordance with the law of 13 February 2007 on Specialised Investment Funds.
Circular CSSF 16/643: Systemic Risk Board's Opinion and Recommendation
In its press release 16/34, the CSSF informs of the publication of Circular 16/643 of the same date. This circular requires all banks active in the domestic housing sector and utilizing the approach based on internal ratings to communicate to the CSSF at the latest by 30 September 2016, whether they are in compliance with the limits set by the Systemic Risk Board and, if not, to indicate any measures implemented to comply.
ALFI’s Response to the ESMA's Position Paper on the Distributed Ledger Technology Applied to Securities Markets
ALFI responded to ESMA's position paper on "The Distributed Ledger Technology applied to Securities Markets" uploaded to the ESMA website on 30 August 2016.
