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
- Grand-Ducal Regulation of 21 December 2017 – CSSF
- Commission de Surveillance du Secteur Financier (CSSF)
- Government of Luxembourg
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