CSSF: Grand-ducal Regulation of 21 December 2017 (consolidated version) repealed by Grand-ducal Regulation of 17 December 2021 (Updated)

  • Post author:
  • Post category:CSSF

Last Updated on June 3, 2025 by Arnaud Collignon

Understanding the Grand-Ducal Regulation of 21 December 2017

The Grand-Ducal Regulation of 21 December 2017 is a significant legislative framework that outlines key provisions for the financial sector in Luxembourg. This regulation is crucial for ensuring compliance and maintaining the integrity of financial operations within the country.

Key Objectives of the Regulation

  • Enhancing Transparency: The regulation aims to improve transparency in financial transactions and operations.
  • Strengthening Governance: It establishes robust governance structures to oversee financial activities.
  • Protecting Investors: The regulation includes measures designed to safeguard investors’ interests.

Important Provisions

Some of the notable provisions included in the regulation are:

  • Risk Management: Financial institutions are required to implement comprehensive risk management frameworks.
  • Reporting Obligations: Enhanced reporting requirements ensure that relevant data is submitted to regulatory authorities.
  • Compliance Measures: Institutions must adhere to strict compliance measures to mitigate potential risks.

Impact on Financial Institutions

The Grand-Ducal Regulation has a profound impact on how financial institutions operate in Luxembourg. It necessitates:

  • Regular training for staff on compliance and regulatory requirements.
  • Investment in technology to streamline reporting and risk management processes.
  • Collaboration with regulatory bodies to ensure adherence to the new standards.

Conclusion

In summary, the Grand-Ducal Regulation of 21 December 2017 plays a pivotal role in shaping the financial landscape of Luxembourg. By fostering transparency, strengthening governance, and protecting investors, it sets a high standard for financial operations.

External Links

“`