ARTICLE · 11 OCTOBER 2014

CSSF Publishes Updated FAQ On AIFM

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On July 18th 2014 the Commission de Surveillance du Secteur Financier ("CSSF") published an Updated FAQ concerning the Luxembourg law of July 12th 2013 on AIFM.

LuxembourgFinance and Banking

Bonn Steichen & Partners

On July 18^th 2014 the Commission de Surveillance du Secteur Financier ("CSSF") published an updated version of its frequently asked questions ("Updated FAQ") concerning the Luxembourg law of July 12^th 2013 on alternative investment fund managers ("AIFM Law") as well as the Commission Delegated Regulation (EU) No 231/ 2013 of December 19^th 2012.

Two new questions have been added and one general question has been amended in the Updated FAQ.

The amended question relates to reporting by non-EU AIFMs marketing AIFs in Luxembourg. The Updated FAQ clarifies that:

a non-EU AIFM will have to report to the CSSF only in the case where it is marketing to professional investors in Luxembourg;

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