Regulatory Alerts2023-05-26
CSSF Circular 23/838 on EBA Guidelines for Remuneration Benchmarking and Gender Pay Gap
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 23/838 to implement the European Banking Authority's guidelines on remuneration practices and the gender pay gap under Directive (EU) 2019/2034. This circular mandates that supervised entities conduct benchmarking exercises to ensure their remuneration policies align with regulatory standards and promote gender pay equity. It establishes the specific requirements and procedures for compliance with these European regulatory expectations within the Luxembourg financial sector.
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