CSSF Press Release 17/06 Dated 13 February 2017

The CSSF confirmed that it follows ESMA on its opinion in relation to the requirements for UCITS share classes.

The Press Release is available in English on the CSSF website

ALFI and ILA Recommendation on VAT on Remuneration

ALFI and ILA published their recommendations on VAT on remuneration of directors of funds and their management companies.

The recommendation is available in English on ALFI's website

CSSF Circular 17/650 Dated 17 February 2017

The CSSF, together with the financial intelligence unit, published Circular 17/650 to provide guidance on the practical application of Directive (EU) 2015/849 of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. The implementation of the Directive by means of the law of 23 December 2016 (which entered into force on 1 January 2017) amends Regulation (EU) No 648/2012 and repeals Directive 2005/60/EC and Directive 2006/70/EC (known as “MLDR4”) and the standard revised FATF 2012/2013.

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

MOU Signed Between the CSSF and the FSRA of Abu Dhabi

The two authorities signed a memorandum of understanding in relation to the cooperation, consultation and exchange of information about entities under each authorities’ supervision on 6 February 2017:

The memorandum is available (in French only) on the CSSF website.

ALFI Survey 2017 on Real Estate Investment Funds

ALFI published the results of its survey on Luxembourg domiciled real estate investment funds.

The survey is available in English on ALFI's website

CSSF Press Release 17/12 Dated 13 March 2017

The CSSF published its press release regarding the global situation of undertakings for collective investment as at the end of December 2016. 

The Press Release is available in English on the CSSF website