On 22 December 2017, the Grand Ducal Regulation of 21 December
2017 relating to the fees to be levied by the CSSF
("Regulation") which repeals the Grand
Ducal Regulation of 28 October 2013 was published in the
Mémorial A (Luxembourg's Official Journal).
The Regulation, which entered into force on 1 January 2018,
increases the fees payable to the CSSF by all legal entities and
natural persons subject to the CSSF's supervision. In
particular, this increase affects the fees applicable to the
submission of an application for approval by a UCI, a SIF, SICAR,
or an IFM1 .
("Examination Charges") as well as the
annual maintenance charges ("Annual
Charges").
The conversion charges which apply in case a stand-alone fund is
converted into an umbrella fund or an FCP into a SICAV for instance
as well as the additional lump sums for the establishment of
branches of IFMs have been increased in a similar manner.
