What is Luxembourg EMI (CSSF)? Luxembourg EMI (CSSF) Review, Features

The Luxembourg EMI (CSSF) is the Commission de Surveillance du Secteur Financier (CSFS), a public body responsible for supervising professionals and products in the Luxembourg financial sector.

About Luxembourg EMI (CSSF)

• The Commission de Surveillance du Secteur Financier (CSSF) carries out its duties of prudential supervision and market oversight to ensure the safety and soundness of the financial sector, exclusively in the public interest. Within its mandate, it ensures that authorized entities and issuers comply with the regulations applicable to them, including those aimed at ensuring the protection of financial consumers and preventing the use of the financial sector for money laundering or terrorist financing. The CSSF represents Luxembourg in the field of European and international supervision.
• In pursuing its objectives, the CSSF applies a prudent approach in line with international standards, based on the principle of proportionality. This approach is implemented in a professional manner, thereby ensuring independent, forward-looking and risk-based supervision.
• The CSSF is transparent and promotes effective communication with financial sector stakeholders while fully respecting the requirements of professional confidentiality. It considers integrity and accountability to be of paramount importance and honours its commitments and adapts to achieve its objectives. The CSSF is committed to good governance, in a spirit of internal cooperation and to the efficient execution of its mandate at the national, European and international levels.

Luxembourg EMI (CSSF) Services

• Services for depositing cash into payment accounts and all business activities necessary to operate payment accounts;
• Services for withdrawing cash from payment accounts and all business activities necessary for operating payment accounts;
• Perform payment transactions, including transfers using the User’s account with a payment provider and transfers using accounts with other payment providers.

Advantages

Luxembourg is one of the most important financial centers in Europe. Luxembourg is located in the heart of Europe, with a strategic location and a vibrant international environment, attracting multilingual professionals from all over the world, covering many fields such as information technology, law, finance and accounting, sales and marketing, supply chain management, research and development, and intellectual property management.

Luxembourg has one of the most flexible legal frameworks on the European continent. In addition, the CSSF provides a simple licensing application process for overseas companies planning to enter the EU market.