Regulatory Alerts2009-12-18
Added · Updated
Grand-ducal Regulation of 18 December 2009 on the recognition of service providers from other Member States for statutory audit duties
This regulation establishes the conditions for recognizing service providers from European Union or European Economic Area states to carry out statutory audit duties via the free provision of services in Luxembourg. Service providers must submit a prior declaration to the Commission de Surveillance du Secteur Financier (CSSF), which checks professional qualifications and may require an aptitude test if substantial differences exist. The CSSF determines the test subjects, such as commercial law and auditing standards, with a passing requirement of at least half the total marks per subject. Recognition is granted upon satisfying legal requirements or passing the test, and the regulation entered into force on its publication date.
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