CSSF Publishes Final Guidance on MMF Weekly Liquid Asset Levels
The CSSF has published final guidance on weekly liquid asset levels for money market funds, following a consultation that ran from 8 June to 3 August 2026. The guidance, coordinated with the European Commission, the AMF and the Central Bank of Ireland, sets supervisory expectations for enhanced MMF liquidity and risk management in line with the EU MMFR review and Commission FAQ. A three-month implementation period applies.
Related updates
CSSF Publishes Final Guidance on MMF Weekly Liquid Asset Levels
The CSSF has published final guidance on weekly liquid asset levels for money market funds, addressed to AIFMs, management companies, SIFs, UCITS and Part II UCIs. The guidance sets supervisory expectations for measuring, monitoring and documenting compliance with MMF liquidity requirements. Firms should review their liquidity risk frameworks, governance and internal reporting.
30 Oct 2026
CSSF publishes updated IFM tied agent notification form for cessation of tied agent use
The CSSF has published version 2.1 of its notification form for the cessation of the use of a tied agent in another Member State. The form is addressed to alternative investment fund managers and management companies (Chapter 15) and is available on the CSSF website in DOCX format. No accompanying guidance or deadline is indicated on the publication page.
19 Oct 2023
T+1 Settlement: EU Framework Complete, First Compliance Deadline 7 December 2026
The CSSF has announced that the EU regulatory framework for the move to T+1 settlement, scheduled for 11 October 2027, is now complete following the publication of the amended RTS on settlement discipline and the revised ESMA guidelines on standardised procedures and messaging protocols. The first compliance deadline falls on 7 December 2026, when investment firms and their clients must meet new requirements on allocations and confirmations. The CSSF urges market participants to finalise technical preparations and begin end-to-end testing.
26 Oct 2026