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ARTICLE · 05 MARCH 2026

Luxembourg's CSSF Circular 26/906 On Central Administration, Internal Governance And Risk Management For Payment And E-Money Institutions

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On 20 January 2026, Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), published Circular CSSF 26/906 (Circular), a sweeping update to the regulatory framework...

LuxembourgFinance and Banking
Jan Boeing Dr.
Jan Boeing Dr.
Arnaud Dobelle
Arnaud Dobelle

On 20 January 2026, Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), published Circular CSSF 26/906 (Circular), a sweeping update to the regulatory framework governing central administration, internal governance and risk management for payment institutions, electronic money (e-money) institutions and account-information service providers. The new rules, effective 30 June 2026, consolidate and modernise previous guidance, aligning Luxembourg's regime with evolving European standards and the latest guidelines of the European Banking Association (EBA). The Circular incorporates the EBA's guidelines on information required for authorising payment and e-money institutions, and for registering account-information service providers under Article 5(5) of Directive (EU) 2015/2366.

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