Regulatory Alerts2020-12-07
Circular CSSF 20/759 — Update of Circular CSSF 12/552 on central administration, internal governance and risk management
The CSSF issued Circular 20/759 to update Circular 12/552 regarding the central administration, internal governance, and risk management requirements for supervised entities. This regulatory amendment incorporates previous changes from circulars 13/563, 14/597, 16/642, 16/647, 17/655, 20/750, and 20/759 to ensure current compliance standards are met. The document establishes the mandatory framework for internal controls and governance structures within the financial sector under CSSF supervision.
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