CSSF Circular 17/654 Dated 17 May 2017

The CSSF published its Circular addressed to credit institutions and certain PSFs regarding the sub-delegation for IT cloud services. The CSSF has also, inter alia, amended its Circular 06/240 on administrative and accounting organization in light of Circular 17/654.

Read Circular 17/654 (in English).

CSSF Press Release on EMIR Obligations

The CSSF published its press release as a reminder on the reporting obligation of non-financial counterparties to derivative contracts and to set out the emphasis of their supervisory activity for 2017 in this respect. They also list best practices including the nomination of a responsible person whose name has to be provided to the CSSF by 10 June 2017.

Read the Press Release (in English)

ALFI Guidelines on the Oversight of Financial Intermediaries in Distribution of Funds

ALFI published new guidelines “Principles of the oversight of financial intermediaries on distribution of funds”, in line with its mission to help members capitalise on industry trends and to encourage professionalism, integrity and quality within the Luxembourg fund industry.

The Guidelines are available on the ALFI website (available for ALFI members only).

CSSF Newsletter N° 196 May 2017

The CSSF published its newsletter of May 2017.

The newsletter is available on the CSSF website (in French)

CSSF Press Release 17/19 Dated 19 May 2017

The CSSF published its press release regarding the global situation of undertakings for collective investment at the end of February.

The Press Release is available on the CSSF website (in French).