2025-02-25
The Commission de Surveillance du Secteur Financier issued Circular 25/872 to implement the European Banking Authority's Guidelines on the minimum content of governance arrangements for issuers of asset-referenced tokens. This directive mandates that issuers adhere to the specific governance standards outlined in EBA/GL/2024/06 to ensure robust operational and risk management frameworks. The circular establishes the regulatory expectations for compliance with these European standards within the Luxembourg financial sector.