Regulatory Alerts2025-05-21
CSSF Circular 25/891: Application of ESMA Guidelines on Suitability and Periodic Statements for Crypto Portfolio Management
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 25/891 to implement the European Securities and Markets Authority (ESMA) guidelines regarding the Markets in Crypto Assets Regulation. This document mandates that crypto-asset service providers adhere to specific suitability assessment requirements and standardized formats for periodic statements when conducting portfolio management activities. The circular ensures that market participants align their operational practices with the regulatory standards established by ESMA to protect investors and maintain market integrity.
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