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ARTICLE · 14 AUGUST 2018

CSSF's Press Release 18/25 On Brexit-Related Applications By Fund Management Companies

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On July 25, 2018 the CSSF published a press release 18/25 (the Press Release) addressed to fund managers contemplating to relocate their business to Luxembourg ...

European UnionFinance and Banking
Eduard Koster
Eduard Koster
Bruno Hrovat
Bruno Hrovat
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On July 25, 2018 the CSSF published a press release 18/25 (the Press Release) addressed to fund managers contemplating to relocate their business to Luxembourg following the United Kingdom's decision to leave the European Union (that decision, the "Brexit" and those fund managers, the "Relocation Seekers"). 

The Press Release concerns both alternative investment fund managers and managers of undertakings for collective investment in transferable securities (UCITS) that consider (i) applying for authorization with the CSSF, (ii) extending their license, or (iii) substantially changing their operational models to cope with Brexit-related aspects (those considerations, the "Applications").

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