Luxemburg’s financial supervisor and watchdog “CSSF” has been changing main characteristics of the regulatory environment in the Grand Duchy.
After many years of timid fines and limited enforcement actions the CSSF has recently recruited several new agents and public stated that new and more strict rules are coming and will be enforced.
As summarised on the reported article published on the regulators website: “Your friendly regulator no more”, we look forward to see the new style of the CSSF in action.
Source
https://www.cssf.lu/fileadmin/files/Publications/Revue_de_presse/LuxTimes_CM_200919.pdf