[2] The CSSF is also responsible for the supervision of experts in the financial sector, investment companies, pension funds, regulated securities markets and their operators, multilateral trading facilities and payment institutions, and is the competent authority for the public auditor oversight.
The CSSF took over the duties of the former Commissariat aux Bourses and of the Institut Monétaire Luxembourgeois (IML), which on 1 June 1998, became the Banque centrale du Luxembourg (BCL).
It believes that it is in the public interest to ensure (a) that the laws and ordinances are enforced on the financial sector and (b) that international conventions and EU directives in the areas under its responsibility are implemented.
[6][7][8][9] In the matter of LFP I SICAV, the directors, through specialist financial investigation firm Intel Suisse, launched a gross negligence civil complaint against the CSSF in October 2020, holding them responsible for €100 million of losses in 4 sub-funds identified as Ponzi schemes.
[10] Within the framework of its statutory mission, the CSSF is in charge of ensuring that all the persons subject to its supervision, authorization, or registration comply with the professional AML/CTF obligations.