Investment Funds Update - Europe: Legal and regulatory updates for the funds industry from the key asset management centres and primary European fund domiciles - December 2016 - Issue 10: Luxembourg

Dechert LLP

Dechert LLP

CSSF Newsletter – November 2016

The CSSF published its newsletter (number 190), which provides updates in relation to recent national regulation and statistics.

Read the November newsletter in full.

ALFI Negotiation with Australia Securities and Investments Commission Successful

ALFI has negotiated a license relief in Australia for Chapter 15 Management Companies and Self-Managed UCITS SICAVs which allows them to provide financial services to institutional clients in Australia without a license.

Read the press release titled "ALFI Negotiation with Australia Securities and Investments Commission Successful", a PDF is available with the ASIC relief in English.

CSSF Circular 16/644 dated 11 October 2016

The CSSF has shared the FATF statements issued during the October plenary concerning non-compliant jurisdictions and advised on appropriate steps in relation to transactions involving affected countries.

Read circular 16/644.

CSSF Press Release 16/38 of 27 October 2016

The CSSF has confirmed that at the end of September the Luxembourg fund industry had EUR 3.621 billion assets under management which is a further increase to previous figures:

Read the press release in full (in French).

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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