{"id":"sanctions/cssf-2024-02-19-talabot-investments-llp","title":"CSSF fine on TALABOT INVESTMENTS LLP, 19 February 2024","type":"sanction","date":"2024-02-19","authority":"CSSF","amount":"97500","html":"<p>On 19 February 2024 the Commission de Surveillance du Secteur Financier (CSSF) imposed an administrative fine of EUR 97,500 on TALABOT INVESTMENTS LLP (Credit institutions). The decision was published on 5 April 2024. The CSSF gives the ground as non-compliance with professional obligations related to prior notification of a qualifying holding in a credit institution.</p>\n<p>Legal basis: <a href=\"/lhoft?page=laws%2F1993-04-05-n1\" class=\"wikiLink\" data-target=\"laws/1993-04-05-n1\">Law of 5 April 1993 on the financial sector</a>.</p>\n<p><a href=\"https://www.cssf.lu/en/Document/administrative-sanction-of-19-february-2024/\" target=\"_blank\" rel=\"noreferrer\">Decision page</a>, <a href=\"https://www.cssf.lu/wp-content/uploads/S_42_B_TALABOT_INVESTMENTS_LLP_190224_en.pdf\" target=\"_blank\" rel=\"noreferrer\">decision PDF</a>. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent.</p>"}