Our ambition is to ensure the stability of the Luxembourg financial sector, to protect financial consumers and to promote a financial market which is fair, transparent and safe. The Commission de Surveillance du Secteur Financier (CSSF) acts exclusively in the public interest and all of our employees contribute to maintaining the safeness and soundness of the financial industry, one of the main drivers of the Luxembourg economy.
Beyond the national scope, the CSSF is also characterized by a strong European and international exposure. Our employees participate in international working groups and collaborate with other European authorities with the aim of promoting a stable financial industry on a European and international level.
The SPII Prudential Supervision division, part of the UCI Prudential Supervision and Risk Management department, is notably in charge of (i) the prudential supervision of the more complex fund’s cases arising from the findings raised by the statutory auditors and the information provided by the supervised entities in the annual closing documents (e.g., annual reports, management letters, self-assessment questionnaires, and separate reports in line with the Circular CSSF 21/790) of the investment funds (UCITS, UCI, SIF, SICAR) as well as from the other available information (e.g., UCI reporting, notifications related to the Circular CSSF 24/856) and (ii) thematic reviews on key / relevant topics for the fund’s prudential supervision and the investment funds area.
As legal specialist, you will be involved in various and often more complex legal analyses of cases handled by the division as well as in the analyses related to regulatory matters or developments linked to the division’s activities. In particular, you will mainly be in charge of (i) analyzing the more complex findings and irregularities identified at the level of the funds and/or their investment fund managers/service providers (ii) the preparation of the required prudential supervisory measures including the related exchanges with the supervised entities and/or other stakeholders involved including, if any, other national or international competent authorities and (iii) providing support or advice on regulatory analyses linked to the division’s activities.