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Management Companies Luxembourg

Dechert LLP

Financial Services Quarterly Report - Third Quarter 2018: Developments in the Luxembourg Financial Sector

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Luxembourg has transposed MiFID II into its national law, albeit five months after the deadline for doing so. In other matters, the Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF)...more

Dechert LLP

Luxembourg CSSF Reshapes Organisational Rules of UCITS Management Companies and AIFMs, Enforces Local Substance Requirements

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The Commission de Surveillance du Secteur Financier (CSSF) issued a circular on 23 August 2018 (Circular), which consolidates into one document the requirements for Luxembourg UCITS management companies, self-managed UCITS,...more

Dechert LLP

Financial Services Quarterly Report - Second Quarter 2016: Effects of UCITS V Transposition into Luxembourg Law

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The law that transposed UCITS V1 into Luxembourg law (UCITS V Law) entered into force on 1 June 2016. Among other matters, the UCITS V Law: (i) implements a depository regime based upon – but more stringent than – the AIFMD...more

Dechert LLP

New Semi-Annual Reporting of Risk Data Required for Luxembourg-Domiciled UCITS

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The Luxembourg supervisory authority (“CSSF”) recently issued a circular letter (“Circular Letter”) that requires all Luxembourg-domiciled UCITS to provide the CSSF with information – pursuant to the filing of additional...more

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