The CSSF published its Circular addressed, inter alia, to investment firms as well as AIFMs and UCITS management companies who manage portfolios on a discretionary basis regarding the volume of covered claims (instruments and money) in relation to the investment business of which the addressees are debtors. The Circular imposes an annual reporting obligation. The report for this year may be submitted until 15 May 2017.

The Circular is available in English on the CSSF website

Bill 7024 (Lessening of Professional Secrecy Obligations)

ALFI and the ABBL published a press release confirming that they support the government’s bill 7024 which would amend article 41 of the law of 5 April 1993 on the financial sector (as amended), to abandon or lessen professional secrecy when delegating within the same group or to third parties. One motivation is the facilitation of innovations that have been introduced with the development of digital technologies.

The press release is available (in French only) on ALFI's website

The bill itself is available on the website of the chamber of parliament

CSSF Newsletter N° 195 April 2017

The CSSF published its newsletter of April 2017.

The newsletter is available in English on the CSSF website

CSSF Press Release 17/15 Dated 4 April 2017

The CSSF published its press release regarding the global situation of undertakings for collective investment as at the end of January.

The press release is available (in French only) on the CSSF website

ALFI and the LSE Publish the Second Edition of the Investment Law Compendium

ALFI and the Luxembourg Stock Exchange published the second edition of their investment law compendium.

The press release is available in English on AlFI's website