CSSF Position On Transfer Of Investors' Data

On 30 October 2020, the CSSF updated the FAQs listed below to clarify the applicable requirements in the event of transfer of data by central administrations (or investment funds or investment fund managers ("IFMs") acting as central administration) or depositary banks to a service provider (i.e. in the context of an outsourcing relationship). These requirements are independent from additional requirements stemming from the General Data Protection Regulation (EU) 2016/679.

• the FAQ on the Law of 17 December 2010 on UCIs;
• the FAQ on the Luxembourg Law of 12 July 2013 on AIFs;
• the FAQ on the statuses of PFS (Part II);
• the FAQ on the SICARs;
• The FAQ on the SIFs and SICARs that do not qualify as AIFs.