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ARTICLE · 28 AUGUST 2012

CSSF Regulation Regarding Risk Management And Conflict Of Interests

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Long awaited CSSF regulation n° 12-01 regarding risk management and conflict of interests has been issued and lays down detailed rules for the application of article 42bis of the amended Luxembourg law of 13 February 2007 relating to specialized investment funds

LuxembourgFinance and Banking
Wildgen
Wildgen
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Long awaited CSSF regulation n° 12-01 regarding risk management and conflict of interests has been issued and lays down detailed rules for the application of article 42bis of the amended Luxembourg law of 13 February 2007 relating to specialized investment funds.

The regulation n°12-01 issued by the CSSF (the "Regulation") lays down detailed rules for applying paragraphs (1) and (2) of article 42bis of the amended Luxembourg law of 13 February 2007 relating to specialized investment funds (the "Law") (the "SIF(s)") regarding (i) on one hand the appropriate management of risks referred to in this article and in particular the criteria for assessing the adequacy of the risk management systems used by SIFs and (ii) on the other hand providing details on structures and organizational requirements designed as to minimize the risk of conflict of interests.

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