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ARTICLE · 14 JANUARY 2022

CSSF Introduces New Reporting Requirements

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On 22 December 2021, the Luxembourg Financial Sector Supervisory Authority (CSSF) published three circular letters, clarifying existing reporting obligations and introducing new ones...

LuxembourgFinance and Banking
Anne-Gaelle Delabye
Anne-Gaelle Delabye
Virginie Gonella
Virginie Gonella
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On 22 December 2021, the Luxembourg Financial Sector Supervisory Authority (CSSF) published three circular letters, clarifying existing reporting obligations and introducing new ones for Luxembourg investment fund managers, supervised undertakings for collective investment and their approved statutory auditors (réviseurs d'entreprises agréés - REAs).

CSSF Circular 21/788

This circular is applicable to all Luxembourg investment fund managers, 1 including registered investment fund managers and all Luxembourg investment funds supervised by the CSSF for AML or CFT purposes. It provides clarifications on the new CSSF AML/CFT external report (AML/CFT External Report) that must be drawn up by an "external AML/CFT expert" in accordance with the CSSF Regulation No 12-02. 2 It is important to note that the AML/CFT External Report is not required from Luxembourg investment funds which have appointed an investment fund manager (established in Luxembourg or abroad).

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