2026-05-19

Circular CSSF 26/911 — ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation – Update 2025

The CSSF issued Circular 26/911 to disseminate the ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation, updated for 2025. This circular supersedes Circular CSSF 25/877 and incorporates the latest regulatory requirements for stress testing methodologies. It ensures that Money Market Funds comply with the updated supervisory expectations regarding liquidity risk and stress scenario analysis.

Luxembourg

Commission de Surveillance du Secteur Financier

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Published on 19 May 2026

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CSSF circular

ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation – Update 2025 (ESMA50-481369926-30585)

PDF (577.89Kb)

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