CSSF Circular 18/698 — Authorisation and organisation of investment fund managers (and AML/CFT provisions).
The reference text for the organisation, delegation and AML/CFT duties of Luxembourg fund managers.
Who is concerned?
This circular is broken down into 16 sections analysed one by one, each with the official text and Luxgap practical guidance for compliance in Luxembourg.Key obligations
The reference text for the organisation, delegation and AML/CFT duties of Luxembourg fund managers.
Luxgap supports CSSF-supervised entities (banks, PFS, payment and e-money institutions, management companies, funds) in complying with this circular: gap analysis, policy and register updates, CSSF inspection readiness, articulation with the DORA Regulation and the NIS 2 framework where relevant.
Deadlines
See the official CSSF text for precise application dates. Most recent ICT circulars articulate with the DORA Regulation, applicable since 17 January 2025.
Sanctions for non-compliance
Non-compliance exposes entities to CSSF administrative sanctions: injunctions, pecuniary sanctions, restrictions or suspension of authorisation.
How Luxgap helps
The reference text for the organisation, delegation and AML/CFT duties of Luxembourg fund managers.
Luxgap supports CSSF-supervised entities (banks, PFS, payment and e-money institutions, management companies, funds) in complying with this circular: gap analysis, policy and register updates, CSSF inspection readiness, articulation with the DORA Regulation and the NIS 2 framework where relevant.
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