Regulatory Alerts2023-07-12
CSSF Regulation No 23-03 of 30 June 2023 transposing ECB Guideline (EU) 2022/508 and amending Regulation No 18-03
The CSSF issued Regulation No 23-03 to transpose ECB Guideline (EU) 2022/508 regarding the exercise of options and discretions for less significant institutions. This regulation simultaneously amends CSSF Regulation No 18-03 of 5 June 2018 to align national rules with the updated European Central Bank framework. The measure ensures that Luxembourg's supervisory requirements for less significant institutions remain consistent with the latest ECB directives on prudential supervision.
Published on 12 July 2023
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CSSF regulation
- transposing Guideline (EU) 2022/508 of 25 March 2022 amending Guideline (EU) 2017/697 of the European Central Bank on the exercise of options and discretions available in Union law by national competent authorities in relation to less significant institutions (ECB/2022/12) and
- amending CSSF Regulation No 18-03 of 5 June 2018
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