On 9 April 2021, Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier ("CSSF"), issued Circular 21/769 1 on teleworking. It will enter into force on 30 September 2021 assuming working conditions have returned to normal. Purpose and Scope The circular clarifies the governance and security requirements applicable in the context of remote working and applies only in normal working conditions. It will not apply in pandemic situations (e.g. during COVID-19) or under other exceptional circumstances which have a comparable impact on normal working conditions. It applies to all entities supervised by the CSSF, e.g. credit institutions, alternative investment fund managers, investment firms, specialised and support PFS, etc. ("Supervised