4 ms·
The CSSF is the "Comission for Surveillance of the Finance Sector". Paypal LU is a credit insitution, but not a bank. It falls under the CSSF's jurisdiction:
by kweks 4y ago
The CSSF is the "Comission for Surveillance of the Finance Sector".
Paypal LU is a credit insitution, but not a bank.
It falls under the CSSF's jurisdiction:
"PayPal has the status of a Luxembourg credit institution and is under the prudential supervision of the Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier (the "CSSF"). The registered office of the CSSF is located at L-1150 Luxembourg (Luxembourg)."
- uselpa 4y agoThat’s not correct, the CSSF classifies it as a bank, see https://searchentities.apps.cssf.lu/search-entities/search?&st=advanced&entNames=paypal https://searchentities.apps.cssf.lu/search-entities/search?&...
- kweks 4y agoVery interesting, as the text I quoted comes from the PayPal LU site..