Regulatory Alerts2023-01-19
Circular CSSF 23/829 on the application of the Guidelines on the criteria for the exemption of investment firms from liquidity requirements in accordance with Article 43(4) of Regulation (EU) 2019/2033
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 23/829 to implement the European Banking Authority's Guidelines on the criteria for the exemption of investment firms from liquidity requirements. This circular addresses the application of Article 43(4) of Regulation (EU) 2019/2033, establishing the specific conditions under which investment firms may be exempted from certain liquidity obligations. It serves as the regulatory framework for CSSF-supervised entities to determine their eligibility for these exemptions based on the defined criteria.
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