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ARTICLE · 02 NOVEMBER 2026

Control Agents In The Spotlight: CSSF FAQ Sets Out The Rules For DLT-Based Fund Tokenisation In Luxembourg

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On 2 October 2026, the Commission de Surveillance du Secteur Financier (CSSF) published its first FAQ on Tokenisation (Version 1), providing practical guidance for Luxembourg...

LuxembourgFinance and Banking
Cathrine Foldberg Møller
Cathrine Foldberg Møller

On 2 October 2026, the Commission de Surveillance du Secteur Financier (CSSF) published its first FAQ on Tokenisation (Version 1), providing practical guidance for Luxembourg undertakings for collective investment (UCIs) and market participants considering the use of distributed ledger technology (DLT) to issue, store, and transfer fund units or shares. You may see our general summary of the CSSF FAQ by clicking here: Tokenised Funds Gain Greater Certainty: CSSF Issues First Guidance on DLT-Based Fund Units in Luxembourg | DLA Piper.

Below we summarize the key information related to Control Agents.

Becoming a Control Agent

Entities wishing to perform control agent activities in Luxembourg must notify the CSSF at least two months prior to commencing such activities and include information sufficient for the CSSF to verify compliance with Article 21a(1) of the Dematerialised Securities Law. Before filing the formal notification, the CSSF strongly encourages entities to initiate a

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