CSSF LU

https://www.youtube.com/watch?v=KOHSHUSYZao This news item was originally published by the Commission de Surveillance du Secteur Financier (CSSF LU). For more information, please see the Source Link.

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website http://wh-luxembourg.com where an entity offers investment services under the names Waterfall Holding, WH Invest and WH Luxembourg, pretending to be established at 27, Boulevard Grande-Duchesse J. Charlotte, L-1845 Luxembourg and using the email address format “[email protected]“. The CSSF informs the public that the entity presenting itself on that website under the names Waterfall Holding, WH Invest and WH Luxembourg is not regulated by the CSSF and has not been granted any authorisation to provide investment services or other financial services in or from Luxembourg. The CSSF would...

Article 28-4 of the LFS is aimed at professionals whose activity consists in granting, for their own account, loans to the public. Given the increasing number of requests to take a stance regarding the interpretation of the notion of “public” and the question of when the CSSF considers that a lending activity is directed towards the public, the CSSF updated the FAQ (Part II, Question 52) in order to provide clarification and legal certainty. In the absence of a legal definition of the term “public” in the LFS, the CSSF considers that a lending activity is not directed towards the...

The Commission de Surveillance du Secteur Financier (CSSF) warns the public about emails sent by one or more persons using the following email address formats: [email protected] and [email protected] The person(s) using these email address formats pretend(s) to work for Asteo Luxembourg and offer(s) products/investments to retail clients. The CSSF would like to specify that the investment firm Asteo Luxembourg S.A., duly authorised in Luxembourg in accordance with the Law of 5 April 1993 on the financial sector and subject to the CSSF’s supervision, is not related to the person(s) using the email address formats referred to in this warning. This news...

Today the CSSF published an FAQ on the application of MiFID to Luxembourg IFMs. This CSSF FAQ aims at clarifying under what circumstances and to what extent MiFID applies to IFMs, their third-party delegates and their investment advisers. The new FAQ has been included in the following CSSF FAQ: FAQ concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment: section 10; FAQ concerning the Luxembourg Law of 12 July 2013 on alternative investment fund managers: section 26. IFMs are expected to comply with the CSSF FAQ as soon as possible and by 31 December 2021 at...

The real estate sector plays an important role in the economy and its developments can have a material influence on the financial system. In recent years, increasing efforts are devoted to identifying and monitoring vulnerabilities that arise from the interplay between the real estate market and the financial system. The European Systemic Risk Board (ESRB) wishes to establish a harmonised framework for monitoring developments in the real estate sector. This implies the collection of data and indicators that help identifying the build-up of systemic risks and assessing the potential need for macroprudential intervention. Granular and consistent data are necessary to...

The Securities and Exchange Board of India (SEBI) and the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) have signed a Memorandum of Understanding on mutual cooperation and technical assistance relating to the supervision of securities markets. The agreement covers in particular the exchange of regulatory and technical information, as well as cooperation as regards supervision and inquiries. The Memorandum took effect on 2 June 2021. On entering the agreement, Mr. Ajay Tyagi, Chairman of SEBI, stated that “With signing of this Memorandum of Understanding, we look forward to a stronger partnership with CSSF leading to enhanced cross-border co-operation and...

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the websites www.bit-flyer.com and www.bitflyerex.net where an entity offers investment services under the name BitFlyer. The CSSF informs the public that the entity presenting itself on the aforementioned websites is unknown to it and has not been granted any authorisation to provide investment services or other financial services financiers in or from Luxembourg. The CSSF would like to specify that the payment institution, bitFlyer EUROPE S.A., duly authorised in Luxembourg and subject to the provisions of the Law of 10 November 2009 on payment services is not related to...

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.alphaonecm.com where an entity offers investment services and pretends to be regulated by the CSSF and to be established at 44, Boulevard Grande-Duchesse Charlotte, L-1330 Luxembourg. The CSSF informs the public that the entity presenting itself of this website as Alpha One Capital Management is not regulated by the CSSF and has not been granted any authorisation to provide investment services or other financial services in or from Luxembourg. The CSSF would like to specify that the company AlphaOne Capital Management S.à r.l. which is registered with...

This news item was originally published by the Commission de Surveillance du Secteur Financier (CSSF LU). For more information, please see the Press Release here: Source Link.

PDF (739.81Kb) This news item was originally published by the Commission de Surveillance du Secteur Financier (CSSF LU). For more information, please see the Source Link.

1. transposing: a) Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019 amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures; and b) Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC; 2. implementing Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 575/2013 as regards...