PSF Classification
Categories of Professionals of the Financial Sector
Licences in detail
The table schematically sets out the various categories, as well as the different licence types of PSF and the minimum capital required by Law, depending on PSF licence obtained.
Ce tableau de classification des types de PSF est également disponible en français.
PSF Classification
Investment firms
PSF articles 24 to 24-9 of the Law of 5 April 1993, as amended
They are defined as undertakings providing or performing investment services or investment operations for third parties on a professional and regular basis, and primarily include:
- Investment advisers
- Brokers in financial instruments
- Commission agents
- Private portfolio managers
Specialised PSF
PSF articles 25 to 28-11 of the Law of 5 April 1993, as amended
Specialised PSF are defined by default, in other words they are neither “investment firms" nor "support PSF". They correspond to the PSF defined in Articles 25 to 28-11 of the Law, primarily including:
- Registrar agents
- Professionals carrying on lending operations
- Corporate domiciliation agents
- Professionals providing company formation and management services
Specialised PSF do not benefit from the European passport, but may carry out financial operations in Luxembourg.
Support PSF
PSF articles 29-1 to 29-4 of the Law of 5 April 1993, as amended
Within this category, the CSSF has approved the designation of "support PSF", which stands out from other players by acting primarily as subcontractors for operational functions on behalf of banks or other professionals of the financial sector. They correspond to the PSF defined in articles 29-1 to 29-4 of the Law.
