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🇱🇺 CSSF Final Rule Urgency: high Significant

CSSF Regulation No 26-03 of 30 September 2026 (only in French)

on the setting of the countercyclical buffer rate for the fourth quarter of 2026

Why this matters

CSSF Regulation No 26-03 is a final rule establishing the countercyclical buffer rate, a core macroprudential tool under Basel III/CRD V that imposes binding capital requirements on banks.

Bank
🇱🇺 CSSF Final Rule

Corrigendum to Commission Delegated Regulation (EU) 2026/1061 of 7 May 2026

amending Delegated Regulation (EU) 2019/980 as regards the standardised format and sequence and the streamlined content, scrutiny and approval of the prospectus

Why this matters

The update is a corrigendum to Commission Delegated Regulation (EU) 2026/1061, which amends rules on prospectus standardisation and approval procedures under the Prospectus Regulation. The content is purely informational—announcing a correction to an already-published regulation.

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🇱🇺 CSSF Final Rule Urgency: high Significant

Commission Delegated Regulation (EU) 2026/1061 of 7 May 2026

amending Delegated Regulation (EU) 2019/980 as regards the standardised format and sequence and the streamlined content, scrutiny and approval of the prospectus

Why this matters

Commission Delegated Regulation (EU) 2026/1061 is a final, binding regulatory instrument that amends the prospectus framework (Delegated Regulation 2019/980). It introduces standardised formats and streamlined content/scrutiny/approval procedures for prospectuses—core disclosure obligations affecting issuers,...

Effective Date: 16 August 2026
Broker DealerAsset Manager
🇱🇺 CSSF Final Rule Significant

Council Implementing Regulation (EU) 2026/1940 of 7 August 2026

implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

Why this matters

This is an EU implementing regulation on restrictive measures (sanctions) related to Ukraine, published as informational content by CSSF. It affects financial institutions' compliance with sanctions screening and AML obligations. Classified as news/informational rather than urgent regulatory change, hence null urgency.

Effective Date: 8 August 2026
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🇱🇺 CSSF Final Rule

Law of 12 November 2004 (consolidated version) (Updated)

on the fight against money laundering and terrorist financing

Why this matters

Consolidated legislative update on anti-money laundering and terrorist financing requirements applicable across financial services. Published as informational regulatory reference material by CSSF (Luxembourg regulator). Affects all regulated financial institutions.

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🇱🇺 CSSF Final Rule Significant

Council Regulation (EU) 2026/1844 of 23 July 2026

amending Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

Why this matters

EU sanctions regulation amending restrictive measures against Russia regarding Ukraine. This is informational regulatory update affecting financial institutions' compliance obligations for sanctions screening, reporting, and AML procedures.

Effective Date: 24 July 2026
All Firms
🇱🇺 CSSF Final Rule Significant

Council Regulation (EU) 2026/1848 of 23 July 2026

amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine

Why this matters

This is an EU sanctions regulation amendment concerning Russia, published as regulatory news by CSSF. It affects financial institutions' compliance obligations regarding restrictive measures and sanctions screening.

Effective Date: 24 July 2026
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🇱🇺 CSSF Final Rule Significant

Council Implementing Regulation (EU) 2026/1843 of 23 July 2026

implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

Why this matters

This is an EU implementing regulation on restrictive measures (sanctions) regarding Ukraine, published by CSSF as informational content. It affects financial institutions' compliance obligations for sanctions screening, reporting, and AML/CFT procedures.

Effective Date: 23 July 2026
All Firms
🇱🇺 CSSF Final Rule Significant

Council Regulation (EU) 2026/1846 of 23 July 2026

amending Regulation (EC) No 765/2006 concerning restrictive measures in view of the situation in Belarus and the involvement of Belarus in the Russian aggression against Ukraine

Why this matters

This is an EU Council Regulation amending restrictive measures against Belarus and related to Russian aggression. It constitutes sanctions/restrictive measures that impact financial institutions' AML/sanctions compliance obligations.

Effective Date: 25 July 2026
All Firms
🇱🇺 CSSF Final Rule Significant

Council Implementing Regulation (EU) 2026/1817 of 23 July 2026

implementing Article 8a(1) of Regulation (EC) No 765/2006 concerning restrictive measures in view of the situation in Belarus and the involvement of Belarus in the Russian aggression against Ukraine

Why this matters

This is an EU implementing regulation concerning restrictive measures (sanctions) against Belarus and related entities. It impacts financial institutions' AML/sanctions compliance obligations across banking and payment sectors.

Effective Date: 25 July 2026
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🇱🇺 CSSF Final Rule Significant

Council Implementing Regulation (EU) 2026/1779 of 17 July 2026

implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

Why this matters

This is an EU implementing regulation on restrictive measures (sanctions) regarding Ukraine, published as informational content by CSSF. It affects financial institutions' compliance obligations for sanctions screening, reporting, and AML/CFT procedures.

Effective Date: 17 July 2026
All Firms
🇱🇺 CSSF Final Rule Significant

Council Regulation (EU) 2026/1805 of 16 July 2026

amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine

Why this matters

This is an EU Council Regulation amending sanctions measures against Russia related to Ukraine. It affects financial institutions' compliance obligations regarding restrictive measures, sanctions screening, and reporting requirements. Published as regulatory news update by CSSF (Luxembourg financial regulator).

Effective Date: 18 July 2026
All Firms
🇱🇺 CSSF Final Rule Significant

Council Implementing Regulation (EU) 2026/1710 of 13 July 2026

implementing Regulation (EU) 2024/2642 concerning restrictive measures in view of Russia’s destabilising activities

Why this matters

This is an implementing regulation for EU restrictive measures against Russia. It affects financial institutions' compliance obligations regarding sanctions screening, reporting, and asset freeze procedures.

Effective Date: 13 July 2026
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🇱🇺 CSSF Final Rule Significant

Council Implementing Regulation (EU) 2026/1708 of 13 July 2026

implementing Regulation (EU) 2024/1485 concerning restrictive measures in view of the situation in Russia

Why this matters

This is an implementing regulation for EU restrictive measures related to Russia, published by CSSF as informational content. It affects financial institutions' compliance obligations regarding sanctions and restrictive measures. Classified as news/informational with null urgency.

Effective Date: 13 July 2026
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🇱🇺 CSSF Final Rule

CSSF Regulation No 26-02 of 30 June 2026 (only in French)

on the setting of the countercyclical buffer rate for the third quarter of 2026

Why this matters

CSSF regulation setting countercyclical buffer rate is a prudential capital requirement directive applicable to banks. Published as regulatory news with informational purpose regarding Q3 2026 buffer rate requirements. No immediate action urgency indicated.

Bank
🇱🇺 CSSF Final Rule

Part 3 – Specific disclosure requirements applied to investment firms (2025)

No description available.

Why this matters

CSSF supervisory disclosure document outlining specific disclosure requirements for investment firms in 2025. This is informational guidance material published by the Luxembourg financial regulator, not a regulatory change requiring immediate action.

Broker DealerAsset Manager
🇱🇺 CSSF Final Rule

Part 1 – Transposition of Directive (UE) 2019/2034 (2025)

No description available.

Why this matters

Informational announcement regarding transposition of EU Directive 2019/2034 establishing a public register of the audit profession. This is regulatory guidance content from CSSF (Luxembourg financial regulator) with no immediate compliance deadline indicated.

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🇱🇺 CSSF Final Rule

Corrigendum to Council Implementing Regulation (EU) 2026/695 of 14 March 2026

implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

Why this matters

Corrigendum to EU sanctions regulation concerning Ukraine. Affects financial institutions subject to restrictive measures compliance and reporting obligations. Published as regulatory update/news rather than urgent enforcement action.

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🇱🇺 CSSF Final Rule Significant

Corrigendum to Council Implementing Regulation (EU) 2024/849 of 12 March 2024

implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

Why this matters

This is a corrigendum to EU sanctions regulation concerning Ukraine. It affects financial institutions' compliance with restrictive measures and sanctions screening requirements. Published as informational update by CSSF (Luxembourg regulator). Applies broadly to all financial firms subject to EU sanctions regulations.

All Firms
🇱🇺 CSSF Final Rule Significant

Council Implementing Regulation (EU) 2026/1361 of 15 June 2026

implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

Why this matters

This is an EU implementing regulation on restrictive measures (sanctions) related to Ukraine. It affects financial institutions' compliance obligations regarding sanctions screening and AML/CFT procedures. Published as informational regulatory update by CSSF (Luxembourg financial regulator), hence null urgency.

Effective Date: 17 June 2026
All Firms
🇱🇺 CSSF Final Rule Significant

Council Implementing Regulation (EU) 2026/1356 of 15 June 2026

implementing Regulation (EU) 2024/2642 concerning restrictive measures in view of Russia’s destabilising activities

Why this matters

This is an implementing regulation for EU restrictive measures against Russia. It affects financial institutions' compliance obligations regarding sanctions screening, reporting, and asset freezing. Classified as informational news publication rather than new substantive requirement, hence null urgency.

Effective Date: 15 June 2026
All Firms
🇱🇺 CSSF Final Rule Significant

Council Regulation (EU) 2026/1336 of 15 June 2026

amending Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

Why this matters

This is a Council Regulation amending EU restrictive measures regarding Ukraine. It impacts financial institutions through sanctions compliance, AML/CFT obligations, and reporting requirements. Published as informational content by CSSF (Luxembourg financial regulator), so urgency is null.

Effective Date: 17 June 2026
All Firms
🇱🇺 CSSF Final Rule Significant

Commission Delegated Regulation (EU) 2026/773 of 4 March 2026

amending Delegated Regulation (EU) 2019/980 as regards the reduced content and the standardised format and sequence of the EU Follow-on prospectus and the EU Growth issuance prospectus

Why this matters

This is an EU delegated regulation amending prospectus requirements for follow-on offerings and growth issuances. It affects capital markets participants and issuers regarding standardized prospectus format and content. Classified as informational regulatory update rather than urgent compliance requirement.

Effective Date: 18 June 2026
Asset ManagerBroker Dealer
🇱🇺 CSSF Final Rule Significant

Corrigendum to Council Implementing Regulation (EU) 2026/1055 of 11 May 2026

implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

Why this matters

This is a corrigendum to EU sanctions regulation concerning Ukraine. It affects financial institutions' compliance with restrictive measures and sanctions screening requirements. Classified as informational/news content rather than new substantive regulatory requirement, hence null urgency.

Effective Date: 11 May 2026
All Firms
🇱🇺 CSSF Final Rule Urgency: medium Significant

Commission Delegated Regulation (EU) 2026/395 of 23 February 2026

amending the regulatory technical standards laid down in Delegated Regulation (EU) 2019/979 as regards updating the list of data necessary for the classification of prospectuses and the list of information that can be incorporated by reference into prospectuses

AI Analysis

Commission Delegated Regulation (EU) 2026/395 of 23 February 2026 amends the Prospectus Regulation RTS in Delegated Regulation (EU) 2019/979 to update: (i) the **data set used for ESMA classification and filing of prospectuses** and (ii) the **categories of information that may be incorporated by reference** into a prospectus. For compliance teams in Luxembourg and across the EU, this means prospectus production, filing templates, and reference documentation frameworks must be revised so that all new prospectuses and supplements meet the updated RTS data and incorporation-by-reference standards under Regulation (EU) 2017/1129.

AI-generated analysis. May contain errors or omissions — verify with the original CSSF source before acting. Full disclaimer.

Compliance Deadline: 10 July 2026
BankBroker DealerAsset Manager
🇱🇺 CSSF Final Rule Significant

Council Regulation (EU) 2026/1164 of 22 May 2026

amending Regulation (EU) 2023/1529 concerning restrictive measures in view of Iran’s military support to Russia’s war of aggression against Ukraine and to armed groups and entities in the Middle East and the Red Sea region as well as Iran’s actions undermining freedom of navigation in the Middle East

Why this matters

This is an EU Council Regulation amending sanctions measures against Iran. It impacts financial institutions' compliance obligations regarding restrictive measures, sanctions screening, and reporting requirements.

Effective Date: 27 May 2026
All Firms
🇱🇺 CSSF Final Rule Urgency: high Significant

Law of 5 May 2026 (only in French)

1° amending:(a) the Law of 5 April 1993 on the financial sector, as amended;(b) the Law of 17 December 2010 relating to undertakings for collective investment, as amended;(c) the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, as amended;(d) the Law of 15 March 2016 on OTC…

Effective Date: 10 May 2026
BankBroker DealerAsset Manager
🇱🇺 CSSF Final Rule Urgency: medium

Law of 8 December 2021 (consolidated version) (being updated) (Updated)

relating to the issue of covered bonds

Why this matters

This law relates to the issuance of covered bonds, which is relevant for banks, wealth managers, and the broader financial sector. It covers prudential requirements, authorization, and reporting obligations, indicating a medium level of urgency for firms in the affected sectors.

BankWealth Manager
🇱🇺 CSSF Final Rule Urgency: medium

Law of 16 July 2019 (consolidated version) (being updated) (Updated)

on the operationalisation of European regulations in the area of financial services

Why this matters

This consolidated law on the operationalisation of European regulations in financial services is likely to impact banks, asset managers, and wealth managers across areas such as AML, prudential requirements, and licensing. The update indicates ongoing regulatory changes, warranting a medium level of urgency.

BankAsset ManagerWealth Manager
🇱🇺 CSSF Final Rule Urgency: medium

Law of 30 May 2018 (consolidated version) (being updated) (Updated)

on markets in financial instruments

Why this matters

This regulatory update relates to the Law of 30 May 2018 on markets in financial instruments, which impacts banking, investment management, and capital markets firms. It covers prudential requirements, reporting and disclosure obligations, as well as authorization and licensing.

BankAsset ManagerBroker Dealer
🇱🇺 CSSF Final Rule Urgency: medium

Law of 17 April 2018 (consolidated version) (being updated) (Updated)

on key information documents for packaged retail and insurance-based investment products

Why this matters

This regulatory update relates to the Law of 17 April 2018 on key information documents for packaged retail and insurance-based investment products, which impacts firms in the banking, investment management, and insurance sectors.

Asset ManagerBankInsurance
🇱🇺 CSSF Final Rule Urgency: medium

Law of 23 December 2016 (consolidated version) (being updated) (Updated)

on market abuse

Why this matters

This regulatory update relates to the law on market abuse, which is relevant for banking, investment management, and capital markets firms. It covers topics such as market abuse surveillance, reporting and disclosure requirements, and authorization and licensing.

BankBroker DealerAsset Manager
Hedge Fund
🇱🇺 CSSF Final Rule Urgency: medium

Law of 23 July 2016 (consolidated version) (being updated) (Updated)

concerning the audit profession

Why this matters

This regulatory update relates to the audit profession in Luxembourg, which is relevant for banking, investment management, and wealth management firms operating in the country. It covers prudential requirements, authorization and licensing, as well as governance standards for statutory auditors.

BankWealth ManagerAsset Manager
🇱🇺 CSSF Final Rule Urgency: medium

Law of 18 December 2015 (consolidated version) (being updated) (Updated)

on the failure of credit institutions and certain investment firms

Why this matters

This regulatory update relates to the law on the failure of credit institutions and certain investment firms, which is being updated. It covers prudential and operational requirements, as well as authorization and licensing for banks, wealth managers, and asset managers.

BankWealth ManagerAsset Manager
🇱🇺 CSSF Final Rule Urgency: medium

Law of 17 December 2010 (consolidated version) (being updated) (Updated)

relating to undertakings for collective investment

Why this matters

This regulatory update relates to the Luxembourg Law of 17 December 2010 on undertakings for collective investment, which is relevant for investment management firms, wealth managers, and banks operating in Luxembourg.

Asset ManagerWealth ManagerBank
🇱🇺 CSSF Final Rule Urgency: medium

Law of 19 May 2006 (consolidated version) (being updated) (Updated)

transposing Directive 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids

Why this matters

This regulatory update relates to the transposition of the EU Takeover Directive, which impacts banking, investment management, and capital markets firms. It covers authorization, prudential, and market abuse topics.

BankBroker DealerAsset Manager
🇱🇺 CSSF Final Rule Urgency: medium

Law of 13 July 2005 (consolidated version) (being updated) (Updated)

on institutions for occupational retirement provision in the form of SEPCAVs and ASSEPs

Why this matters

This regulatory update relates to the law on institutions for occupational retirement provision in Luxembourg, which impacts banking, investment management, and insurance firms involved in pension products. It covers prudential requirements, authorization, and reporting obligations for these firms.

Asset ManagerBankInsurance
🇱🇺 CSSF Final Rule Urgency: medium

Law of 5 April 1993 (consolidated version) (being updated) (Updated)

on the financial sector

Why this matters

This regulatory update consolidates and amends the Law of 5 April 1993 on the financial sector, which is relevant for banks, wealth managers, and asset managers. The update covers prudential requirements, reporting obligations, and licensing/authorization, indicating medium urgency for affected firms.

BankWealth ManagerAsset Manager
🇱🇺 CSSF Final Rule Urgency: medium

CSSF Regulation No 26-01 of 31 March 2026 (only in French)

on the setting of the countercyclical buffer rate for the second quarter of 2026

Why this matters

This regulation from the CSSF (Luxembourg financial regulator) sets the countercyclical buffer rate for banks in Luxembourg for Q2 2026, which is a prudential measure related to capital requirements.

Bank
🇱🇺 CSSF Final Rule Urgency: high Significant

Council Implementing Regulation (EU) 2026/613 of 16 March 2026

implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

Why this matters

This regulation implements restrictive measures against actions undermining Ukraine's territorial integrity, which is highly relevant for financial firms operating in the region or with Ukrainian counterparties. It covers areas such as AML, prudential requirements, and reporting, making it critical for compliance.

Effective Date: 16 March 2026
BankWealth ManagerAsset Manager
🇱🇺 CSSF Final Rule Urgency: high Significant

Council Implementing Regulation (EU) 2026/695 of 14 March 2026

implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

Why this matters

This Council Implementing Regulation imposes restrictive measures on actions undermining Ukraine's territorial integrity, sovereignty and independence. It is relevant for banks, wealth managers, and asset managers operating in the EU and dealing with entities/individuals subject to the sanctions.

Effective Date: 15 March 2026
BankWealth ManagerAsset Manager
🇱🇺 CSSF Final Rule Urgency: high Significant

Council Implementing Regulation (EU) 2026/489 of 26 February 2026

implementing Regulation (EU) No 208/2014 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Ukraine

Why this matters

This regulation implements restrictive measures against certain persons, entities and bodies in view of the situation in Ukraine. It is relevant for banking, investment management and wealth management firms that may be impacted by sanctions or need to comply with reporting requirements.

Effective Date: 3 March 2026
BankWealth ManagerAsset Manager
🇱🇺 CSSF Final Rule Urgency: high Significant

Council Implementing Regulation (EU) 2026/426 of 26 February 2026

implementing Article 8a of Regulation (EC) No 765/2006 concerning restrictive measures in view of the situation in Belarus and the involvement of Belarus in the Russian aggression against Ukraine

Why this matters

This regulation implements restrictive measures against Belarus in view of its involvement in the Russian aggression against Ukraine. It is likely to have a high impact on banks, wealth managers, and asset managers that have exposure to Belarus or are required to comply with the sanctions.

Effective Date: 28 February 2026
BankWealth ManagerAsset Manager
🇱🇺 CSSF Final Rule Urgency: medium

Directive (EU) 2026/470 of the European Parliament and of the Council of 24 February 2026

No description available.

Why this matters

This directive establishes a public register of the audit profession in the EU, which is relevant for banking, investment management, and wealth management firms that are subject to audit requirements. The topics covered include AML/financial crime, consumer protection, and reporting/disclosure obligations.

BankWealth ManagerAsset Manager
🇱🇺 CSSF Final Rule Urgency: high Significant

Directive (EU) 2026/470 of the European Parliament and of the Council of 24 February 2026

amending Directives 2006/43/EC, 2013/34/EU, (EU) 2022/2464 and (EU) 2024/1760 as regards certain corporate sustainability reporting requirements and certain corporate sustainability due diligence requirements

Why this matters

This directive amends several existing EU directives related to corporate sustainability reporting and due diligence requirements. It will have a significant impact on financial firms in the banking, investment management, and wealth management sectors, requiring changes to their reporting and compliance processes.

Compliance Deadline: 26 July 2029
Asset ManagerBankWealth Manager
🇱🇺 CSSF Final Rule Urgency: high Significant

Council Implementing Regulation (EU) 2026/431 of 23 February 2026

implementing Regulation (EU) 2024/1485 concerning restrictive measures in view of the situation in Russia

Why this matters

This regulation implements further restrictive measures against Russia, which will impact financial firms across banking, investment management, and wealth management sectors. The topics covered include AML/financial crime, prudential requirements, and reporting obligations, which are critical for firms to comply with.

Effective Date: 23 February 2026
BankWealth ManagerAsset Manager
🇱🇺 CSSF Final Rule

Law of 12 July 2013 (consolidated version) (Updated)

on alternative investment fund managers

Why this matters

This regulatory update relates to the Luxembourg Law on alternative investment fund managers, which is relevant for investment management and wealth management firms operating in Luxembourg.

Asset ManagerWealth Manager
🇱🇺 CSSF Final Rule Urgency: high Significant

Council Implementing Regulation (EU) 2026/259 of 29 January 2026

implementing Regulation (EU) 2024/2642 concerning restrictive measures in view of Russia’s destabilising activities

Why this matters

This regulation implements sanctions against Russia, which will impact banking, investment management, and wealth management firms that have exposure to Russia. Firms will need to comply with the new sanctions requirements, including reporting and disclosure obligations.

Effective Date: 30 January 2026
BankAsset ManagerWealth Manager
🇱🇺 CSSF Final Rule Urgency: high Significant

Council Implementing Regulation (EU) 2026/259 of 29 January 2026

implementing Regulation (EU) 2024/2642 concerning restrictive measures in view of Russia’s destabilising activities

Why this matters

This regulation implements further restrictive measures against Russia, which will impact financial institutions across banking, investment management, and wealth management sectors.

Effective Date: 31 January 2026
BankWealth ManagerAsset Manager
🇱🇺 CSSF Final Rule Urgency: medium

Grand-ducal Regulation of 23 December 2022 (consolidated version) (Updated)

relating to the fees to be levied by the Commission de Surveillance du Secteur Financier

Why this matters

This regulatory update relates to the fees levied by the Luxembourg financial regulator CSSF, which is relevant for banks, asset managers, and wealth managers operating in the Luxembourg financial sector.

BankAsset ManagerWealth Manager
🇱🇺 CSSF Final Rule Urgency: high Significant

Commission Implementing Regulation (EU) 2026/124 of 14 January 2026

amending Council Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine

Why this matters

This regulation amends existing sanctions against Russia related to the Ukraine conflict, which will impact financial firms across banking, investment management, and wealth management sectors. The changes require firms to update their compliance programs, reporting, and capital requirements.

Compliance Deadline: 1 February 2026
BankWealth ManagerAsset Manager
🇱🇺 CSSF Final Rule Urgency: high Significant

Commission Delegated Regulation (EU) 2026/46 of 3 December 2025

amending Delegated Regulation (EU) 2016/1675 to add Russia to the list of high-risk third countries with strategic deficiencies

Why this matters

This regulation amends the list of high-risk third countries, which has implications for AML/CFT compliance, prudential requirements, and authorization/licensing for firms operating in the banking, investment management, and wealth management sectors.

Effective Date: 29 January 2026
BankAsset ManagerWealth Manager