2023-09-15

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Circular CSSF 23/840 — Application of ESMA Guidelines on MiFID II Product Governance Requirements

The Commission de Surveillance du Secteur Financier issued Circular CSSF 23/840 to implement the European Securities and Markets Authority Guidelines on MiFID II product governance requirements. This document establishes the regulatory framework for product manufacturers and distributors in Luxembourg to ensure compliance with ongoing product approval and review processes. It mandates specific obligations for identifying target markets and monitoring product performance to protect investors under the Markets in Financial Instruments Directive II.

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Luxembourg

Commission de Surveillance du Secteur Financier

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Published on 15 September 2023

Updated on 29 September 2025

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CSSF circular

Application of the Guidelines of the European Securities and Markets Authority on MiFID II product governance requirements

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