Supervision

Luxembourg fund managers ordered to review costs and fees
Supervision
March 22, 2024

CSSF fines Intertrust €162,500 for not sticking to custodian duties

The Commission de Surveillance du Secteur Financier (CSSF) has imposed a fine of 162,500 euro on…
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Verena Ross, chair of Esma
Supervision
March 22, 2024

Esma fines Scope Ratings €2.2 mln euro for regulatory breaches

The European Securities and Markets Authority (Esma), the EU’s financial markets regulator, has…
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CSSF's headquarters on Rue d'Arlon in Luxembourg. Photo: Max Severijns.
Sector
March 5, 2024

CSSF: crypto funds are for well-informed investors, not for retail

Luxembourg’s financial regulator CSSF has updated its guidance for the crypto investment landscape…
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Opinion
February 28, 2024

ECB Watch: Cultivating cult-like behaviour

In the pursuit of an inclusive and engaging workplace, the European Central Bank (ECB) emphasises…
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ESMA's headquarters are in Paris. Photo: ESMA.
Supervision
February 2, 2024

Esma: high risk of corrections, especially in private markets

Europe’s top financial supervisory authority is warning investors of a high risk of corrections in…
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SEC
Sector
January 30, 2024

SEC’s hefty fines contrast with Europe’s mild approach

The U.S. Securities and Exchange Commission (SEC) in 2023 continued to demand significant recoveries…
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CSSF director Marco Zwick speaking at the Alfi Private Assets Conference in Luxembourg on 28 November. Photo: ALFI.
News
January 8, 2024

CSSF ready to conditionally approve Eltif 2.0 applications 

Luxembourg’s financial supervisor CSSF is ready to conditionally give its green light for new…
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Eltifs are European long-term investment funds.
Sector
January 5, 2024

Eltif 2.0 launch: Tension builds in Luxembourg

As the clock ticks down to the much-anticipated launch of the revamped EU regime for European Long…
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ESMA's headquarters are in Paris. Photo: ESMA.
News
December 19, 2023

Luxembourg among most-expensive fund domiciles

Luxembourg last year remained among the most expensive domiciles for investment funds in Europe in…
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The Dockland campus of the Central Bank of Ireland in Dublin. Photo via Wikimedia CC-BY-2.0.
Sector
December 15, 2023

Ireland joins supervisory drive on fund valuations

Ireland has joined Luxembourg on a supervisory drive to push the financial industry to improve their…
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SEC Chairman Gary Gensler. Photo: Third Way Think Tank via Flickr CC-BY-2.0.
Sector
December 15, 2023

ESG burnout looms for SEC due to political backlash

Political pressure is mounting on the Securities and Exchange Commission (SEC) over its efforts on…
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Marco Zwick, director of investment fund supervision at the CSSF. Photo: Luxembourg for Finance.
Sector
December 14, 2023

CSSF on valuations: ‘We noted room for improvement’

Luxembourg’s financial markets authority CSSF has given fund management companies until the end of…
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Money. Image by Jason Leung via Unsplash.
Supervision
December 12, 2023

CRF tries to boost its financial investigation capacity

Luxembourg’s Financial Intelligence Unit is key to fulfilling Luxembourg’s international anti-money…
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ESMA's headquarters are in Paris. Photo: ESMA.
Sector
December 8, 2023

Esma warns on CLO ratings, sees conflict-of-interest risks

The European Securities and Markets Authority, Esma, on Thursday issued a warning about practices…
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