Regulatory/Compliance

Reporting under DAC 6? A five-step guide for insurers

The deadlines for DAC 6 are approaching fast.  First reports will be due on 31 January 2021, and retroactive reports stretching back to 25 June 2018 have to be submitted by 28 February 2021. To avoid common pitfalls, and help you get started, we’ve outlined five key steps to get prepared for reporting. Step one: Determine your intermediary status DAC 6 i […]

Reporting under DAC 6? A five-step guide for asset managers

The deadlines for DAC 6 are approaching fast.  First reports will be due on 31 January 2021, and retroactive reports stretching back to 25 June 2018 have to be submitted by 28 February 2021. To avoid common pitfalls, and help you get started, we’ve outlined five key steps to get prepared for reporting. Step one: Determine your intermediary status DAC 6 i […]

ICAAP, ILAAP and stress testing: everything banks need to know about the new CSSF circular

What’s the story? Banks in Luxembourg are facing new supervisory expectations as regards their ICAAP, ILAAP and stress testing frameworks following the latest CSSF publication. What are the key changes introduced by the new circular? And how will they affect your bank? Get started by reading this digest. Tell me more On 23 October 2020, the CSSF released […]
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Grand-Ducal Regulation of 14 August 2020: key changes and clarifications

On 14 August 2020, the CSSF amended the Grand Ducal Regulation (GDR) of 1 February 2010. This amended GDR updates and provides clarifications on certain provisions of the Law of 12 November 2004 on the fight against money laundering and terrorist financing, notably regarding the amendments from the transposition of the fourth and fifth anti-money laundering (AML […]

CSSF Regulation 20-05: changes and clarifications

On 14 August 2020, Luxembourg’s financial regulator CSSF published Regulation 20-05 (“the Regulation”), amending CSSF Regulation 12-02 of 14 December 2012 regarding the fight against money laundering (ML) and terrorist financing (TF). The Regulation, which entered into force on 24 August 2020, aims to provide further clarifications to professionals regardi […]
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CSSF Circular 20/750 implements EBA Guidelines on ICT and security risk management in Luxembourg

On 25 August 2020, the CSSF published Circular 20/750 implementing the EBA Guidelines on ICT and security risk management in Luxembourg. These guidelines establish a consistent approach to the mitigation and management of these risks in all EU countries. Are you ready for the Circular? Download our self-assessment to assess your preparedness and define a resp […]