Regulatory Alerts2023-01-19
Added · Updated
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 CSSF integrates the EBA Guidelines on the criteria for the exemption of investment firms from liquidity requirements into its administrative practice and regulatory approach. Small and non-interconnected investment firms defined in Article 12(1) of Regulation (EU) 2019/2033 must obtain prior authorization from the CSSF to be exempted from mandatory liquidity requirements under Article 43 of the IFR. The CSSF conducts a case-by-case assessment based on the firm's risks, nature, scope, and complexity of activities, as well as supervisory review outcomes. This circular applies with immediate effect.
More like this from CSSF
We email you every new CSSF publication the day it's published.
Topics
Share