2025-04-16

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CSSF Circular 25/884 on EBA Guidelines for Sound Remuneration Policies and Clarifications for SNI IFR Investment Firms

The CSSF issued Circular 25/884 to apply the European Banking Authority's guidelines on sound remuneration policies under Directive (EU) 2019/2034. The document provides specific clarifications regarding the remuneration requirements applicable to Small Non-Interconnected Investment Firms (SNI IFR). This regulatory update ensures alignment with the EBA/GL/2021/13 standards for investment firms operating under the specified directive.

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Commission de Surveillance du Secteur Financier

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Published on 16 April 2025

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CSSF circular

  1. Application of the Guidelines of the European Banking Authority on sound remuneration policies under Directive (EU) 2019/2034 (EBA/GL/2021/13)
  2. Clarification of the remuneration requirements applicable to the SNI IFR investment firms under Directive (EU) 2019/2034

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Related documents

3 May 2007

Circular CSSF 07/290 (as amended by Circulars CSSF 10/451, 10/483, 10/497, 13/568 and 25/884) (only in French)

Definition of capital ratios pursuant to Article 56 of the amended Law of 5 April 1993 on the financial sector (application to management companies subject to chapter 13 of the Law of 20 December 2002 as amended)

PDF (396.25Kb)