On August 10, the CSSF issued the latest update of its
Frequently Asked Questions document on the grand duchy's law of
July 12, 2013 implementing the AIFMD and the European
Commission's Level 2 regulation on implementation of the
directive, last revised on December 29, 2014.
The FAQ document has now run to nine versions over the past year
and a half. Its aim is to highlight aspects of the AIFMD rules from
a Luxembourg perspective, for the benefit primarily of alternative
funds and managers established in the grand duchy. It complements
Q&A documents on the AIFMD published by ESMA, itself most
recently updated last month, and by the European Commission.
The FAQs cover issues including the scope of the law, the
authorisation and registration regimes applicable to alternative
managers, delegation requirements, entry into force of the law and
duration of transitional provisions, the scope of authorised
managers' activities, depositary requirements, the application
of
