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ARTICLE · 27 DECEMBER 2022

CSSF Guidance On Marketing Communications

ELVINGER HOSS PRUSSEN, société anonyme
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On 12 October 2022, the CSSF updated its FAQ on CBDF Marketing Communications ("CSSF FAQ"). The objective of this FAQ is to provide additional guidance to Luxembourg IFMs on certain key aspects of the ...

LuxembourgFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

On 12 October 2022, the CSSF updated its  FAQ on CBDF Marketing Communications ("CSSF FAQ"). The objective of this FAQ is to provide additional guidance to Luxembourg IFMs on certain key aspects of the marketing communication ("MC") requirements under Article 4 of the CBDF Regulation and ESMA Guidelines on marketing communications ("ESMA Guidelines"), which were implemented by the CSSF in its Circular 22/795.

The key points of the CSSF FAQ, as amended in October 2022, are addressed below:

1. Scope of MC Requirements

In-Scope IFMs:

  • All Luxembourg IFMs listed in CSSF Circular 22/795 ("In-Scope IFMs") must comply with the MC requirements under Article 4 of the CBDF Regulation and ESMA Guidelines ("MC Requirements"), which include e.g., UCITS management companies ("UCITS ManCos") and authorised AIFMs.

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