2025-04-30
The Commission de Surveillance du Secteur Financier issued Circular 25/890 to implement the joint ESA Guidelines on templates for explanations and opinions alongside the standardised test for crypto-assets under Article 97(1) of Regulation (EU) 2023/1114. This directive mandates that regulated entities in Luxembourg adhere to the specified standardized formats and testing procedures for crypto-asset service providers. The circular ensures consistent application of the Markets in Crypto-Assets Regulation across the European Union by aligning national supervisory practices with the established European standards.