{"id":"sanctions/cssf-2025-04-01-bny-mellon-fund-management","title":"CSSF fine on BNY Mellon Fund Management, 1 April 2025","type":"sanction","date":"2025-04-01","authority":"CSSF","amount":"207310","html":"<p>On 1 April 2025 the Commission de Surveillance du Secteur Financier (CSSF) imposed an administrative fine of EUR 207,310 on BNY Mellon Fund Management (Investment fund managers). The decision was published on 20 May 2025. The CSSF gives the ground as non-compliance with professional obligations related to general organisational requirements.</p>\n<p>Legal basis: <a href=\"/lhoft?page=laws%2F2010-12-17-n9\" class=\"wikiLink\" data-target=\"laws/2010-12-17-n9\">Law of 17 December 2010 on undertakings for collective investment</a>.</p>\n<p><a href=\"https://www.cssf.lu/en/Document/administrative-sanction-of-1-april-2025/\" target=\"_blank\" rel=\"noreferrer\">Decision page</a>, <a href=\"https://www.cssf.lu/wp-content/uploads/S_89_GFI_BNY_Mellon_Fund_Management_Luxembourg_S.A._2025.04.01_en.pdf\" target=\"_blank\" rel=\"noreferrer\">decision PDF</a>. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent.</p>"}