Regulatory Alerts2024-08-29
Circular CSSF 24/860 — Update of Circular CSSF 12/552 on central administration, internal governance and risk management
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 24/860 to update Circular 12/552 regarding central administration, internal governance, and risk management. This regulatory instrument amends previous provisions established by Circulars 13/563 through 22/807 to ensure compliance with current supervisory standards. The update mandates that regulated entities adhere to the revised requirements for operational and risk control frameworks effective from the publication date.
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