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ARTICLE · 22 MAY 2019

MiFID II CSSF Issues New Circular On Third Country Firms Access

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On 10 April 2019, Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (the "CSSF"), published CSSF circular 19/716 (the "Circular")

LuxembourgFinance and Banking

On 10 April 2019, Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (the "CSSF"), published CSSF circular 19/716 (the "Circular") relating to the provision in Luxembourg of investment services or the performance of investment activities and ancillary services (the "MiFID Services") by third-country firms ("TCF") in accordance with Article 32-1 of the law of 5 April 1993 on the financial sector, as amended (the "1993 Law"). 

The Circular provides further guidance with respect to the various regimes available to such firms pursuant to Article 32-1 of the 1993 Law as well as the conditions to be met and the information and documentation to be submitted in this respect.1 

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