Cssf

9 stories

Finance
Fund Regulation
Brussels sets higher liquidity benchmarks for money-market funds, putting Luxembourg's vast sector on notice
The European Commission has published its long-awaited review of the EU's Money Market Funds Regulation, alongside new guidance recommending, for the first time, liquidity benchmarks above the legal minimums. The FAQs point to weekly liquid asset levels of 40% for stable-NAV funds and 20% for variable-NAV funds. Luxembourg's CSSF flagged the move to the local fund industry on 15 May 2026.
By Pierre Hansen1 June 2026
Finance
Finance and Markets
Luxembourg Resists Handing Its EUR 7-Trillion Fund Industry to a Single EU Supervisor
EU finance ministers clashed on 5 May 2026 over a plan to turn the Paris-based ESMA into a frontline supervisor of clearing houses, depositories, trading venues and crypto firms. Luxembourg, the bloc's largest fund domicile with assets above EUR 7 trillion, joined Austria, Belgium, Denmark and others in rejecting full centralisation. A leaked paper from six big states has since intensified fears that funds could drift toward Paris.
By Pierre Hansen28 May 2026
Finance
Financial Regulation
CSSF Sharpens Its 2026 Watch on Luxembourg Funds: Liquidity, Valuation, Fees and Cyber
The CSSF has set a tougher 2026 supervisory agenda for Luxembourg's investment funds, signalling closer scrutiny of governance, liquidity, asset valuation, costs and fees, cyber resilience under DORA, sustainable-finance claims and anti-money-laundering controls. Published on 31 March 2026 and covered by the Luxembourg press in late May, the priorities respond to market volatility and geopolitical strain.
By Pierre Hansen21 May 2026
Finance
Funds
CSSF Concludes Thematic AML Review of Fund Distribution, Faults Three Quarters of Sample
Luxembourg's financial regulator found weaknesses in 73% of the 84 management companies it reviewed for AML controls in fund distribution, signalling tougher inspections ahead of the 2026 SREP cycle.
By Pierre Hansen17 May 2026
Finance
Financial regulation
Luxembourg moves to update market-abuse, prospectus and benchmark laws for new EU rules
Luxembourg’s Government in Council approved a bill modifying laws on market abuse, benchmarks, securities prospectuses and EU financial-services implementation to align national law with Regulations (EU) 2024/2809 and 2025/914.
By Pierre Hansen and Sophie Lentz16 May 2026
Finance
Tokenised funds
State Street Picks Luxembourg for Tokenised Fund Servicing, Targeting End-2026 Launch
On 28 April 2026, State Street confirmed Luxembourg as the initial delivery location for tokenised fund servicing through its Digital Asset Platform — a vote of confidence in the country's digital-fund legal framework.
By Pierre Hansen28 April 2026
Finance
Crypto Regulation
Coinbase Picks Luxembourg as Its EU Hub Under MiCA
Coinbase has been authorised under MiCA by the CSSF and is using Luxembourg as its regional crypto hub, joining more than 30 non-EU firms that established a presence ahead of the 1 July 2026 transition deadline.
By Pierre Hansen15 April 2026
Finance
Asset Management
Luxembourg's Fund Industry Crosses €6.4 Trillion as CSSF Rewrites the Crypto Rulebook
Total assets in Luxembourg-domiciled funds reached €6,436 billion at end-February 2026 — and on 4 February the regulator quietly opened the door to controlled crypto exposure for UCITS.
By Pierre Hansen18 March 2026
Luxembourg
AML
Luxembourg Police Raid EFG Bank's Local Offices in Money-Laundering Probe
Investigators from the Grand Duchy raided the Luxembourg subsidiary of the Swiss private bank EFG on 24 February 2026, focusing on suspected client-vigilance and AML control failures.
By Julia Weber24 February 2026