CSSF

Luxembourg fund managers ordered to review costs and fees
Asset Managers
October 21, 2022

Luxembourg fund managers ordered to review costs

Luxembourg funds may well be too expensive. Investment fund managers of Ucits funds in Luxembourg…
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CSSF expects funds to keep promises of what they sell to investors
Asset Managers
October 20, 2022

CSSF tells funds to keep promises on what they sell

When it comes to ESG and sustainable investing, Luxembourg’s financial regulator is keen to ensure…
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Cyber security. Photo by Markus Spiske via Unsplash CC-BY-2.0
News
October 19, 2022

A lack of coordination undermines cyber security

For international hackers and data thieves, Luxembourg appears to be attractive as its domestic lack…
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EU in no rush to address confusion over greenwashing
Laws and Regulations
October 10, 2022

EU Commission won't assess greenwashing before 2024

As fund managers and investors across the 27 countries in the European Union continue to question…
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Google Street View. J Safra Sarasin in Luxembourg
Private Banks
October 4, 2022

After CSSF scolding, Sarasin says ‘no actual’ laundering

Swiss private bank Banque j. Safra Sarasin, reprimanded by Luxembourg financial regulator CSSF in a…
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CSSF's head office at Rue d'Arlon in Luxembourg. Photo: Raymond Frenken.
Private Banks
October 3, 2022

CSSF penalises Safra Sarasin for AML shortcomings

Luxembourg financial regulator the CSSF announced late last Friday a “reprimand” on a Swiss private…
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Sector
September 23, 2022

Best of the week: NAV errors challenge industry, regulators

We’re finishing a productive week at Investment Officer Luxembourg in terms of news stories, with…
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Luxembourg, awaiting FATF visit, under the AML spotlight
Supervision
September 22, 2022

Luxembourg, awaiting FATF visit, is under AML spotlight

A crucial test awaits Luxembourg’s financial centre in just a couple of months. The Financial Action…
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CSSF, ABBL and LSFI present results of Luxembourg sustainable finance survey.
September 21, 2022

Even in ESG era, profitability and risk remain top factors

A solid return on investment and an acceptable level of risk remain the top factors for investors to…
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CSSF seen drafting EU best practice for handling NAV errors 
Sector
September 20, 2022

CSSF drafting EU best practice for handling NAV errors 

Financial regulators across Europe are keeping a close eye on their Luxembourg counterpart CSSF…
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Fuchs pressed into action to solve compliance and IT problems
Asset Managers
September 19, 2022

Fuchs pressed into action on compliance, IT problems

Following 1.55 million euro in regulatory fines, Luxembourg investment firm Fuchs & Associés Finance…
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Asset Managers
September 16, 2022

Merit Capital is subject to criminal probe, linked to H2O

Belgian police authorities have launched a criminal investigation in Antwerp-based stockbroker Merit…
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CSSF's head office at Rue d'Arlon in Luxembourg. Photo: Raymond Frenken.
Laws and Regulations
September 15, 2022

CSSF finds AML compliance shortcomings at Maitland 

Luxembourg’s financial regulator CSSF has found shortcomings in the application of measures to fight…
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CSSF's head office at Rue d'Arlon in Luxembourg. Photo: Raymond Frenken.
Asset Managers
September 12, 2022

CSSF imposed €4.3 mln in fines, biggest for BLI's parent

Luxembourg’s financial regulator CSSF imposed a total of 4.3 million euro in fines on financial…
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