Regulatory Alerts2022-08-19
Added · Updated
CSSF Circular 22/820: Application of ESMA Guidelines on Standardised Procedures and Messaging Protocols under Article 6(2) of Regulation (EU) No 909/2014
The CSSF integrates the ESMA Guidelines on standardised procedures and messaging protocols under Article 6(2) of Regulation (EU) No 909/2014 into its administrative practice and regulatory approach. Investment firms and credit institutions providing investment services or exercising investment activities in Luxembourg must comply with these guidelines, which clarify requirements for obtaining settlement details and limiting settlement fails. The circular applies with immediate effect to transactions in financial instruments referred to in Article 5(1) of the CSDR.
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