Professionals of the Financial Sector (PSF)

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Luxembourg’s Professionals of the Financial Sector (PSF) operate in one of the world’s most sophisticated and well-regulated financial ecosystems. With continuous regulatory advancements PSF must stay agile in an evolving landscape. As digital resilience, ESG compliance, and crypto-assets gain prominence, Luxembourg remains a hub of financial expertise, offering stability, innovation, and global connectivity for businesses navigating complex financial and tax regulations.

psf financial ecosystem

Our PSF Guides

Luxembourg 2025 PSF Regulatory and Tax Guide

Our 2025 guide At the heart of regulatory and tax environments: Professionals of the Financial Sector (PSF) in Luxembourg provides PSF professionals with crucial insights and the latest updates on Luxembourg's changing regulatory and tax environment.
Research
4 minute read

Luxembourg 2023 PSF Market Analysis: Outlook and future of a maturing sector

Explore the latest state of play of this dynamic industry that leverages the prospects of new trends and regulations while reinforcing efficiency and synergy.
Research

IT & Digital Transformation

Exploring DORA

In-scope entities like yours should not delay their regulatory compliance journey any longer. Once the final version of DORA is published, it will begin a 24-month implementation period before it goes into effect during which entities must implement necessary measures to meet DORA requirements.
Research
7 minute read

Crypto-Asset Reporting Framework & related regulations

The OECD has published the Crypto-Asset Reporting Framework (CARF) and some amendments to the OECD Common Reporting Standard (CRS). This has made it possible for the Development Assistance Committee (DAC) to draft a new proposal that considers these new sets of rules.
Perspective
4 minute read

MiCA: a new major milestone in your Crypto Asset Transformation Journey

On 9 June, Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA) was published in the Official Journal of the EU. This marks a momentous milestone for crypto markets in Europe.
Perspective
7 minute read

Anticipating MiCA in Luxembourg: Major changes ahead for crypto players

For those keeping track of crypto developments, it will come as no surprise that a significant new law in Europe, the Markets in Crypto Assets (MiCA) Regulation, is just around the corner and will start to apply from 30 December 2024.

For more about MiCA and its main implications for crypto asset issuers and crypto asset service providers (CASPs), please refer to our previous article on the topic.

Perspective
7 minute read

Tax

The amended Pillar Two Law incorporates clarifications and technical provisions

On 19 December 2024, the Luxembourg Chamber of Deputies voted for an updated law amending the Law of 22 December 2023, designed to implement the EU Council Directive 2022/2523 (“the amended Pillar Two Law”). 
Perspective
4 minute read

Luxembourg VAT authorities issue a new circular regarding VAT on director fees

On 11 December 2024, the Luxembourg VAT authorities issued their circular on director fees clarifying its position after the decision of the District Court of 22 November 2024.
Perspective
2 minute read

How ESG developments shape business tax practice in Luxembourg

Tax is an essential dimension of the Environmental, Social and Governance (ESG) criteria, proven by the rapid evolution and development of tax governance and transparency.
Research
3 minute read

ESG

CSRD: booster for a sustainable Real Estate industry

The Corporate Sustainability Reporting Directive (CSRD) will radically improve the scope and existing reporting requirements of the EU's Non-Financial Reporting Directive (NFRD).
Research
3 minute read

Sustainable Finance Disclosure Regulation

Climate change is considered to be one of the most significant threats to financial stability. According to the World Economic Forum (WEF), the cost of natural disasters worldwide was USD165 billion in 2018, more than the gross domestic product (GDP) of Hungary in 2018 (EUR157 billion).
Research
3 minute read

PSF regulatory updates

CSSF Circular 24/853 : New rules for the framework of the IF and their REA

On 7 February 2024, the CSSF published Circular 24/853 revising the Long Form Report (LFR) framework that applies to Investment Firms (IF), and amending Circular CSSF 03/113 regarding the practical rules for IF’s Réviseurs d'Entreprises Agréés (REA) for closings as at 31 December 2023.
Perspective
5 minute read

Our CESOP Reporting Solution and Services

Your CESOP compliance journey doesn’t have to overburden your team. We’ve developed an end-to-end solution within our dedicated PSF service offering to release you from the main impacts of the regulation.
Service
3 minute read

Our generic regulatory watch

2024 Regulatory Map

First created by our Regulatory Watch team in 2019, this sixth edition gives you a forward-focused overview of the key regulations impacting the banking, insurance, investment management and alternative industries.
Research
4 minute read

Get in touch

Raphaël Charlier

Partner | PSF Leader
+352 45145 2258