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Luxembourg · EU member

Commission de Surveillance du Secteur Financier

CSSF · Financial supervisory authority

Luxembourg Citywww.cssf.lu
75Activity Indexmethodology →

Employees

~1,080

2024

Annual budget

€175M

2024

Supervised entities

~12,500

2024 (incl. investment funds)

Overview

Luxembourg's financial-sector supervisor. Best known for its regulation of the world's second-largest investment fund industry — supervises ~3,300 UCITS + AIF vehicles alongside banks, investment firms, payment and e-money institutions, and (since MiCA) CASPs. Under the SSM, the CSSF supervises Luxembourg's less-significant credit institutions.

Mandate

Prudential supervision of Luxembourg's financial sector; conduct-of-business supervision; anti-money-laundering supervision for financial-sector entities.

Regulated sectors

BanksPayment institutionsE-money institutionsCrypto-asset service providersInvestment firmsAsset managersSecurities marketsMarket infrastructure

Leadership

  • Claude MarxDirector General · since 2016
  • Marco ZwickDirector, responsible for banks and MiCA

Key legislation

  • Law of 5 April 1993

    Financial-sector Act (banks + PFS)

  • Law of 17 December 2010

    UCITS

  • Law of 12 July 2013

    AIFM

  • Law of 6 April 2013 (Payments)

    PSD2 transposition

  • MiCA Law of 6 June 2024

    MiCA implementation

Public registers

Application portals

Recent publications

ComplyBridge Intelligence

What we know from actually filing here.

Avg. approval time

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Approval success rate

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Pending applications

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Responsiveness score

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Avg. response time: 11 days

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Top rejection reasons

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Market-entry difficulty

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Jurisdiction attractiveness

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Blurred values are illustrative until we've captured enough submissions to publish real numbers for this authority. Real data ships once volume is statistically meaningful and always with sample size disclosed.

Data last updated: 2026-06-15 · Sources: www.cssf.lu + ComplyBridge researchActivity Index methodology →

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