🇱🇺 Luxembourg
Financial-centre jurisdiction attracting institutional custody, prime brokerage and settlement players (Clearstream, Coinbase, Standard Chartered) under CSSF's CASP regime.
Data verified: oldest cell 46 days ago (verified 2026-07-02). Individual cells show their own verification date below.
Licence type
Electronic Money Institution (EMI) authorisation under the Law of 10 November 2009 on payment services, as amended by the Law of 20 July 2018 (transposing PSD2); this same law also transposed EMD2's e-money provisions. No prominent separate small-EMI regime; EMIs are typically authorised as full EMIs given Luxembourg's fund/institutional client base.
Regulator
Commission de Surveillance du Secteur Financier (CSSF)
Capital requirement
Luxembourg capital requirement is included with access.Timeline to authorisation
Luxembourg timeline to authorisation is included with access.Local substance ⓘ
Luxembourg local substance is included with access.Application cost
Luxembourg application cost is included with access.Ongoing cost
Luxembourg ongoing cost is included with access.Passporting ⓘ
Luxembourg passporting is included with access.Key restrictions
Luxembourg key restrictions is included with access.Safeguarding
Luxembourg safeguarding is included with access.Recent changes
PSD3 and the PSR merge payment-institution and EMI authorisation into one payment-institution category able to issue e-money. The final compromise texts remain awaiting formal adoption and Official Journal publication as of 15 August 2026, with an indicative European Parliament plenary on 14 December 2026. After entry into force, Member States have 21 months to transpose and apply PSD3, and the PSR generally applies after 21 months. Existing EMIs may continue for 27 months, with an exceptional further three-month extension.
Difficulty rating ⓘ
Luxembourg difficulty rating is included with access.Know when Luxembourg moves
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