Regulatory Alerts2021-07-30
CSSF Circular 21/779: Adoption of ESMA Guidelines on MiFID II Compliance Function Requirements
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 21/779 to formally adopt the European Securities and Markets Authority (ESMA) Guidelines on certain aspects of the MiFID II compliance function requirements. This action ensures that investment firms supervised by the CSSF align their compliance functions with the specific standards and expectations outlined in the ESMA document ESMA35-36-1952. The circular serves as the binding regulatory instrument for implementing these European guidelines within the Luxembourg financial sector.
Published on 30 July 2021
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CSSF circular
Adoption of the Guidelines of the European Securities and Market Authority (“ESMA”) on certain aspects of the MiFID II compliance function requirements (ESMA35-36-1952)
PDF (111.34Kb)
PDF (110.08Kb)