Grand Ducal Regulation on CSSF fees published -
The Grand Ducal Regulation of 2 July 2018 amending the Grand Ducal Regulation of 21 December 2017 on fees levied by the Commission de Surveillance du Secteur Financier....more
8/8/2018
/ ALFI ,
Asset Management ,
CSSF ,
EU ,
European Securities and Markets Authority (ESMA) ,
Fees ,
Fund Managers ,
Investment Funds ,
Luxembourg ,
Money Market Funds ,
UK Brexit
Circular of the Central Bank of Luxembourg on statistical data collection for non-regulated AIFs -
The Central Bank of Luxembourg published circular BCL 2018/241 entitled “New statistical data collection for non-regulated...more
7/10/2018
/ AIFs ,
ALFI ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Central Bank of Luxembourg ,
Common Reporting Standard (CRS) ,
CSSF ,
EMIR ,
EU ,
European Securities and Markets Authority (ESMA) ,
Investment Funds ,
Luxembourg ,
New Circular ,
Over The Counter Derivatives (OTC) ,
Proposed Amendments ,
Risk Mitigation ,
Securitization ,
UCITS
Law on Markets in Financial Instruments Including the MiFID Transposition and MiFIR Implementation -
Parliament voted bill 7157 inter alia transposing Directive 2014/65/EU of the European Parliament and of the Council of...more
Law on benchmarks published -
Parliament voted bill 7164 implementing certain provisions of Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial...more
5/14/2018
/ AML/CFT ,
Anti-Money Laundering ,
Anti-Terrorism Financing ,
Asset Management ,
Benchmarks ,
CSSF ,
EU ,
Financial Instruments ,
Investment Funds ,
Key Information Document (KIDs) ,
Luxembourg ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS)
ALFI Notes the Commission’s Plans to Amend the UCITS and AIFM Directives -
ALFI issued a press release pointing out that they believe that a wider scope for the clarification of marketing and pre-marketing would have been...more
4/5/2018
/ AIFM ,
ALFI ,
Asset Management ,
CSSF ,
Double Taxation ,
EU ,
Initial Coin Offering (ICOs) ,
Investment Funds ,
Luxembourg ,
Tax Treaty ,
Token Sales ,
UCIs ,
UCITS
Luxembourg Parliament Votes on New AML Legislation -
The Luxembourg Parliament has voted in bill 7128 which implements certain provisions of the fourth anti-money laundering directive (Directive (EU) 2015/849 of the...more
CSSF issues press release on approach to permissible investments by Luxembourg UCITS in non-UCITS ETFs -
The CSSF clarified their position on deciding to take a more restrictive approach to permissible investments by...more
CSSF Statement Confirming Support of ESMA's Position on Supervisory Convergence/Regulatory Arbitrage -
The CSSF published a statement confirming its support of ESMA’s position on the matter of supervisory convergence /...more
8/11/2017
/ ALFI ,
Arbitrage ,
Asset Management ,
CSSF ,
EU ,
European Securities and Markets Authority (ESMA) ,
Investment Funds ,
Luxembourg ,
Pensions ,
Prospectus ,
Supervisors
CSSF Circular 17/654 Dated 17 May 2017 -
The CSSF published its Circular addressed to credit institutions and certain PSFs regarding the sub-delegation for IT cloud services. The CSSF has also, inter alia, amended its...more
CSSF Circular CSSF-CPDI Dated 19 April 2017 -
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...more
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....more
4/14/2017
/ Abu Dhabi Global Markets (ADGM) ,
ALFI ,
Anti-Money Laundering ,
Asset Management ,
CSSF ,
EU ,
European Securities and Markets Authority (ESMA) ,
FATF ,
Investment Funds ,
Luxembourg ,
Memorandum of Understanding ,
Real Estate Investments ,
Remuneration ,
Terrorist Financing Regulations ,
UCITS ,
Value-Added Tax (VAT)
Enforcement of the 2016 Financial Information Published by Issuers Subject to the Transparency Law -
In accordance with the Luxembourg law of 11 January 2008 on transparency requirements for issuers, the CSSF monitors...more
CSSF Newsletter – November 2016 -
The CSSF published its newsletter (number 190), which provides updates in relation to recent national regulation and statistics....more
ALFI Response to IOSCO Consultation Report on Good Practices for the Termination of Investment Funds -
ALFI responded to the IOSCO Consultation Report on Good Practices for the Termination of Investment Funds which...more
Luxembourg VAT authorities: Circular on VAT Treatment of Director Services -
The Luxembourg VAT authorities published Circular n° 781 on 30 September 2016 regarding the VAT treatment of director services and a...more
The entry into force of AIFMD in Europe has resulted in a double layer of regulation, as we now have regulation and supervision at the level of the product (regulated investment funds) and supervision at the level of the...more
7/15/2016
/ AIF ,
AIFM ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
CSSF ,
EU ,
Institutional Investors ,
Investment Companies ,
Investment Funds ,
Luxembourg ,
Professional Investors ,
Reserved Alternative Investment Funds (RAIF) ,
SICAV
Updated CSSF AIFM FAQ -
The Commission de Surveillance du Secteur Financier (CSSF) issued an updated version (number 10) of the Frequently Asked Questions in relation to the law of 12 July 2013 on Alternative Investment...more
CSSF Press Release 16/17 on Global Situation of UCIs and SIFs at the End of February 2016 -
CSSF press release 16/17 of 31 March 2016 summarizes the global situation of Undertakings for Collective Investment and...more
5/4/2016
/ AIFM ,
Asset Management ,
Banking Sector ,
CSSF ,
EU ,
Investment Funds ,
Luxembourg ,
Money Laundering ,
OECD ,
Over The Counter Derivatives (OTC) ,
SIFs ,
Trade Repositories ,
UCIs ,
UCITS
The European Securities and Markets Authority (“ESMA”) published its opinion on 11 April 2016 on the necessary elements for a harmonised European framework for loan origination by funds (the “Opinion”). The Opinion is issued...more
Prospectuses for securities: New CSSF Circular 15/632 -
CSSF press release 15/60 introduces the new CSSF Circular 15/632. The purpose of this circular is to detail the technical specifications regarding the submission to...more
CSSF Press Release 15/49 Relating to the New Transparency Requirements for Issuers of Securities and Notifications of Major Holdings -
In press release 15/49, the CSSF provides clarifications in relation to the...more
ALFI releases FAQs on RQF II -
Further to the announcement by the People’s Bank of China on 29 April 2015 of a RMB 50 billion Qualified Foreign Institutional Investor (“RQFII”) quota being granted to Luxembourg, the...more
10/15/2015
/ ALFI ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Audits ,
Cooperative Agreements ,
EU ,
FATCA ,
Investment Funds ,
Luxembourg ,
RQFII ,
UCITS
Draft Law Transposing the European Directive on the Automatic Exchange of Information submitted to Parliament -
The draft Luxembourg law to transpose Council Directive 2014/107/EU (of 9 December 2014, which amends...more
CCSF Lifts Suspensions on Trading in Certain Financial Instruments in Relation to Greece -
Following recent developments concerning the situation in Greece, the Commission de Surveillance du Secteur Financier (CSSF) has...more
Luxembourg Holds Presidency of the Council of the EU for 12th Time
One of Luxembourg’s priorities, as it takes on presidency of the Council of the European Union, is to stimulate investment to boost growth and...more