Regulatory Alerts2025-02-25
Added · Updated
CSSF Circular 25/875 on Suitability Assessment Guidelines for ARTR and CASP Management and Shareholders
The CSSF issued Circular 25/875 to implement the joint EBA and ESMA Guidelines regarding the suitability assessment of management bodies and qualifying shareholders in issuers of asset-referenced tokens and crypto-asset service providers. This document mandates that these entities apply specific criteria to ensure the integrity, competence, and independence of their leadership and significant stakeholders. The circular serves as the regulatory framework for enforcing these suitability standards within the Luxembourg financial sector effective from its publication date.
Published on 25 February 2025
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CSSF circular
Application of the joint EBA and ESMA Guidelines on the suitability assessment of members of management body of issuers of asset-referenced tokens and of crypto-asset service providers, and of Joint EBA and ESMA Guidelines on the suitability assessment of shareholders and members, whether direct or indirect, with qualifying holdings in issuers of asset-referenced tokens and in crypto-asset service providers (EBA/GL/2024/09; ESMA75-453128700-10)
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