Circular CSSF 24/854
Guidelines for the collective investment sector on the AML/CFT
Summary Report RC (“SRRC”)
To all Luxembourg investment fund managers including registered AIFMs, Luxembourg branches of
foreign investment fund managers and all Luxembourg investment funds supervised by the CSSF
for AML/CFT purposes.
Luxembourg, 29 February 2024
Ladies and Gentlemen,
The purpose of this circular is to provide guidance on the Summary report dedicated to AML/CFT
(hereafter the “SRRC”) to be prepared by the “Responsable du Contrôle” (hereafter the “RC”) and
submitted to the CSSF by the “Responsable du Respect” (hereafter the “RR”) in accordance with
Article 42(7) of CSSF Regulation No 12-02 of 14 December 2012 on the fight against money
laundering and terrorist financing, as amended (hereafter “RCSSF 12-02”).
The new SRRC template is taking into account the existing market practices and shall be read without
prejudice of any other AML/CFT requirements applicable to the entities in scope (e.g. EBA Guidelines,
etc.).
It focuses on key data points relevant for the CSSF’s supervision regarding the fight against money
laundering and countering the financing of terrorism (“AML/CFT”) and is in line with its strategy of
digitalisation and data driven supervision.
1. Scope
The submission of the SRRC referred to in Article 42(7) of RCSSF 12-02 applies to all Luxembourg
investment fund managers (“IFMs”), including registered alternative investment fund managers
(“AIFMs”), Luxembourg branches of foreign investment fund managers and Luxembourg investment
funds supervised by the CSSF for AML/CFT purposes.
Any such professional is hereafter referred to as “supervised entity in scope”, except those concerned
by point 2.
2. Exclusion from scope
In accordance with Article 42(7) of RCSSF 12-02, the submission to the CSSF of the SRRC is waived
for “Luxembourg investment funds which designated a Luxembourg management company
submitting this annual report1.”
Consequently, these funds do not fall within the scope of this circular.
1
Excerpt from Article 42(7) of RCSSF 12-02.
CIRCULAR CSSF 24/854
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