Brexit: CSSF communication on the equivalence of UK firms for the third country national regime under MiFIR

Further to the long-awaited outcome of the Brexit negotiations on 24 December 2020, the Luxembourg financial supervisory authority – the Commission de Surveillance du Secteur Financier (“CSSF”) – issued a press release (the “Press Release”) relating to the publication of the new CSSF Regulation n°20-09 dated 14 December 2020 (the “Regulation 20-09”) amending the CSSF Regulation n°20-02 dated 29 June 2020 on the equivalence of certain third countries with respect to supervision and authorisation rules for the purpose of providing investment services or performing investment activities and ancillary services by third-country firms (the “Regulation 20-02”).