Cssf guidance on virtual assets
WebNov 30, 2024 · The Luxembourg Supervision Commission of the Financial Sector (CSSF) has published new guidance and frequently asked questions (FAQ) regarding virtual assets, both dated November 29, 2024. The guidance is in response to increased interest in virtual assets from professionals under the supervision of the CSSF, and professional … WebJan 13, 2024 · On 29 November 2024, the CSSF issued some supervisory guidance on virtual assets in the form of a press release providing clarifications on expected level of …
Cssf guidance on virtual assets
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WebJun 3, 2024 · These two FAQs form part of the CSSF guidance on virtual assets, as initially published on November 29th, 2024. On January 4th, 2024, the Commission de Surveillance du Secteur Financier (CSSF), the Luxembourg regulator, released updated versions of its FAQs on virtual assets, one addressed to Undertakings for collective … WebJul 28, 2024 · On 27 April 2024, the Commission de Surveillance du Secteur Financier (“CSSF”) released some new guidance to the attention of consumers who have obtained increased access to virtual assets ...
WebJan 12, 2024 · Luxembourg law defines a “virtual asset” (VA) as a digital representation of value, including a virtual currency, that can be digitally traded, ... Key Takeaways of the CSSF’s November 2024 Guidance. The CSSF embraces the challenges raised by financial innovation such as VA. As part of its mission, the CSSF is committed to promote an open ... WebDec 3, 2024 · The CSSF has stressed that supervised entities involved in virtual asset activities should consider the risks and benefits associated with virtual assets (e.g. volatility, liquidity, reputation, etc.) in relation to their existing business model and risk appetite in terms notably of due diligence policies, internal governance arrangements, but ...
WebOn 29 November 2024, the CSSF provided guidance to the industry with respect to virtual assets, by publishing a Communiqué (the “Statement”) and frequently asked questions for undertakings for collective investments (FAQ – Virtual assets (UCIs ) (the “FAQ”).1 Key takeaway points of the Statement The CSSF identifies three main areas on which … WebFeb 11, 2024 · Virtual Assets: CSSF And ESMA Positions. 1. ESMA FAQ on AIFMD: investment in crypto-assets. In the November 2024 update of its FAQ on AIFMD, ESMA answered the question of whether the managers of undertakings investing in crypto-assets are subject to AIMFD. In its analysis, ESMA recalls the importance (i) of assessing on a …
WebMany of these questions notably concern investments in virtual assets by investment funds, direct investments (as opposed to indirect investments using derivative instruments) in virtual assets or depository duties in the context of virtual assets. The CSSF herewith publishes a guidance, composed of the present communication and FAQs that will ...
WebFeb 4, 2024 · 04 February 2024. by Elvinger Hoss Prussen (Luxembourg) ELVINGER HOSS PRUSSEN, société anonyme. On 23 December 2024, in an FAQ Virtual Assets - … ray ortlund gentle and lowlyWebSep 2, 2024 · According to ESMA, market participants and investors should be alert to the high risks of buying and/or holding these assets, including the possibility of losing their investment entirely. 2. CSSF FAQ on virtual assets. In November 2024, the CSSF addressed the possibility for UCIs to invest in virtual assets and published an FAQ on … ray ortlund jr isaiahWebDec 2, 2024 · On 29 November 2024, the Commission de Surveillance du Secteur Financier (the “CSSF”), the Luxembourg financial supervisory authority, published its guidance on virtual assets (the “Guidance ... ray ortlund jr resignationWebFeb 10, 2024 · On 4 January 2024, the CSSF updated their FAQ for undertakings for collective investment with respect to virtual assets ("Updated FAQ") 1 by clarifying the scope of AIFs entitled to invest directly or indirectly in virtual assets (I.) and adding a fifth question relating to depositaries of virtual assets (II.).1. Clarification of Question 2. on … ray ortlund jr childrenWebApr 6, 2024 · The CSSF will continue to monitor Investment Fund Managers’ (IFMs) compliance with the sustainability-related provisions as set forth under SFDR, the SFDR RTS and Regulation (EU) 2024/852 (the Taxonomy regulation). In so doing, the CSSF will take due consideration of the principles and guidance laid down in the ESMA … ray ortlund jr booksWebDec 2, 2024 · The CSSF underlines that the authorised AIFM should consider on a case-by-case basis the risks associated to virtual assets when integrating virtual assets into the … ray ortlund blogWebNov 29, 2024 · Many of these questions notably concern investments in virtual assets by investment funds, direct investments (as opposed to indirect investments using derivative instruments) in virtual assets or depository duties in the context of virtual assets. The … ray ortlund family