Regulatory Alerts2021-03-12
CSSF Circular 21/768: Updates to Statutory Auditor Rules for Investment Firms and EU Branches in Luxembourg
The Commission de Surveillance du Secteur Financier (CSSF) issues Circular 21/768 to update regulatory frameworks for statutory auditors and EU-origin financial institutions operating in Luxembourg. The circular revises Circular 03/113 to establish updated practical rules governing the role of approved statutory auditors within investment firms. It also amends Circular 07/325 to align supervisory provisions for EU branches and cross-border service providers with recent changes to CSSF Regulation No 12-02.
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