2018-06-13

CSSF Regulation No 18-03 implementing discretions of Regulation (EU) No 575/2013 and ECB Guideline 2017/697 for less significant institutions

The Commission de Surveillance du Secteur Financier issued Regulation No 18-03 to implement specific discretions under Regulation (EU) No 575/2013 and ECB Guideline 2017/697 regarding less significant institutions. This regulation formally repeals the previous CSSF Regulation No 14-01 to consolidate the national transposition of European banking rules. It establishes the legal framework for national competent authorities to exercise options and discretions available in Union law within Luxembourg.

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Published on 13 June 2018

Updated on 12 July 2023

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CSSF regulation

  1. implementing certain discretions of Regulation (EU) No 575/2013 and implementing Guideline (EU) 2017/697 of the European Central Bank of 4 April 2017 on the exercise of options and discretions available in Union law by national competent authorities in relation to less significant institutions (ECB/2017/9) and 2) repealing CSSF Regulation N° 14-01

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