Regulatory Alerts2018-07-05
CSSF Circular 18/693: Adoption of EBA Guidelines on Connected Clients
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 18/693 to formally adopt the European Banking Authority's Guidelines on connected clients. This action implements EBA/GL/2017/15, which provides detailed criteria for identifying connected clients under Article 4(1)(39) of Regulation (EU) No 575/2013. The circular ensures that supervised entities in Luxembourg apply consistent standards for assessing exposure limits and risk concentrations related to connected parties.
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