{"id":"sanctions/cssf-2024-11-18-andreas-capital-s-a","title":"CSSF fine on Andreas Capital S.A, 18 November 2024","type":"sanction","date":"2024-11-18","authority":"CSSF","amount":"29000","html":"<p>On 18 November 2024 the Commission de Surveillance du Secteur Financier (CSSF) imposed an administrative fine of EUR 29,000 on Andreas Capital S.A (Investment firms). The decision was published on 8 January 2025. The CSSF gives the ground as non-compliance with professional obligations related liquidity requirements of investment firms.</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-18-november-2024/\" target=\"_blank\" rel=\"noreferrer\">Decision page</a>, <a href=\"https://www.cssf.lu/wp-content/uploads/S_20_EI_Andreas_Capital_S.A._080125_en.pdf\" target=\"_blank\" rel=\"noreferrer\">decision PDF</a>. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent.</p>"}