Aggregated News From Investment Management Regulators

CSSF LU

Reappointment of Jean-Pierre Faber as CSSF Director

HRH Grand Duke Henri decided, on the proposal of the Government in Council, to renew the mandate of Jean-Pierre Faber as Director of the CSSF for a period of 5 years. Jean-Pierre Faber began his career at the consulting firm Arthur Andersen, before joining Ernst & Young in Luxembourg, where he worked on organisational, financial and IT issues for national and international clients. In 2010, he acted as Director of Operations in charge of implementing the group strategy in relation to the support functions, IT and the construction of the new headquarters in Luxembourg. In 2016, he has been appointed Director...

Warning regarding the activities of an entity named Pinecone Tokenised Fund

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named Pinecone Tokenised Fund which pretends to be registered as alternative investment fund in Luxembourg. The CSSF informs the public that this entity is unknown to it and that it is not registered or regulated by the CSSF. This news item was originally published by the Commission de Surveillance du Secteur Financier (CSSF LU). For more information, please see the Source Link.

Warning regarding the activities of an entity named 24NewsTrade

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named “24NewsTrade” which, on the website www.24news.trade, offers investment services and pretends to be established at 32-36 bd d’Avranches, 1160 Luxembourg. The CSSF informs the public that the entity presenting itself on this website as 24NewsTrade is not regulated by the CSSF and that it has not been granted any authorisation to provide investment services or other financial services in or from Luxembourg. This news item was originally published by the Commission de Surveillance du Secteur Financier (CSSF LU). For more information, please see...

Warning regarding the activities of an entity named Market Bull LTD

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named “Market Bull LTD” (website: www.marketbull.co.uk), which offers investment services and pretends to be established in London and to be authorised and regulated by the Commission de Surveillance du Secteur Financier. The CSSF informs the public that an entity named “Market Bull LTD” is unknown to it, that it is not regulated by the CSSF and that it has not been granted any authorisation to provide investment services or other financial services in or from Luxembourg. This news item was originally published by the...

Warning concerning fraudulent activities misusing the contact details of the Luxembourg company Bellecour Capital

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities misusing the contact details of the company incorporated under Luxembourg law Bellecour Capital. Unknown persons contact without solicitation possible investors and present themselves using the name “Bellcour Capital”. These persons offer notably a savings account called “BCP”. In doing so, they send emails with the address format [email protected], pretend to be regulated by the CSSF and misuse the name and address of the company Bellecour Capital. The CSSF would like to specify that the company Bellecour Capital, a specialised investment fund subject to the provisions of the...

Warning concerning the website www.llffinancial.com

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.llffinancial.com where an entity offers investment services, pretends to be established at 23 rue Aldringen, L-1118 Luxembourg and to be regulated by the Commission de Surveillance du Secteur Financier and misuses the name of the company incorporated under Luxembourg law LLF Financial S.A. The CSSF informs the public that the entity presenting itself on this website under the name LLF Financial is not regulated by the CSSF and that it has not been granted any authorisation to provide investment services or other financial services in or...

Warning concerning the website www.dje-investment.com

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website www.dje-investment.com where an entity offers investment services and pretends to be established at 4, rue Thomas Edison, L-1445 Strassen Luxembourg. The CSSF informs the public that the entity presenting itself on this website under the name DJE Investment is not regulated by the CSSF and that it has not been granted any authorisation to provide investment services or other financial services in or from Luxembourg. The CSSF would like to point out that the management company incorporated under Luxembourg law, DJE Investment S.A., which is duly authorised...

Warning regarding the activities of the entities named “TheMerit Finance” and “Advanced Relief Fund Mining”

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of the entities named “TheMerit Finance” and “Advanced Relief Fund Mining” which use the websites www.themeritfinance.com and www.arfmining.com and which offer investment services by pretending to be established at 43 Avenue John F. Kennedy, L-1855 Luxembourg. The CSSF informs the public that the entities named “TheMerit Finance” and “Advanced Relief Fund Mining” are unknown to it, that they are not regulated by the CSSF and that they have not been granted any authorisation to provide investment services or other financial services in or from Luxembourg. This news...

Warning concerning the website https://myaccountorbit.com/

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the website https://myaccountorbit.com/ and of emails sent by one person or more using the email address format “[email protected]” in order to offer investment services by misusing the name of the investment firm incorporated under Luxembourg law Orbit Private Asset Management S.A. The CSSF would like to specify that the investment firm Orbit Private Asset Management 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 above-mentioned website nor to...

Entry into force of the new regulatory provisions applicable to investment firms

In order to provide investment firms with a dedicated framework, which is better suited and harmonised, the IFD package introduces a new classification methodology, defines new prudential requirements and a new reporting framework and reforms certain rules regarding governance. New regulatory provisions applicable to investment firms entered into force following: the publication of the Law of 21 July 2021 amending the Law of 5 April 1993 on the financial sector (the “LFS”) in order to transpose, among others, Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the prudential supervision of investment firms...

ESMA Guidelines on Article 25 of Directive 2011/61/EU (AIFMD) applicable as from 23 August 2021

The Guidelines on Article 25 of Directive 2011/61/EU (AIFMD) concerning leverage-related systemic risk in the alternative investment funds sector were published on the European Securities and Markets Authority (ESMA) website on 17 December 2020 and were designed to be applicable two months after the publication of their translations on ESMA’s website in all official EU languages. The CSSF hereby informs market participants that the official translations were published on the ESMA website on 23 June 2021. As a consequence, the Guidelines are applicable as from 23 August 2021. The main objective of the Guidelines, which apply only to National Competent Authorities (NCAs)...

Update in relation to the requirement to submit liquidation period extension requests for funds in non-judicial liquidation

Liquidation period extension requests for funds in non-judicial liquidation will no longer be required, effective immediately. The CSSF will monitor the status of the liquidation via the semi-annual reports on the progress of the liquidation submitted by the liquidator who will be using the form available on the CSSF website. The deadlines for submission of the half-yearly progress reports are as follows: report covering the period from 1 January to 30 June – please submit the report no later than 30 September of the same calendar year; report covering the period from 1 July to 31 December – please submit...

Regulator Information

Abbreviation: CSSF
Jurisdiction: Luxembourg

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