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ARTICLE · 30 OCTOBER 2019

Securitisation And Other EU Regulations: Sanction Powers

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

On 18 July 2019, the Law of 16 July 2019 ("Law") implementing the Securitisation Regulation, the EuVECA Regulation, the EuSEF Regulation,

LuxembourgFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

On 18 July 2019, the Law of 16 July 2019 ("Law") implementing the Securitisation Regulation1, the EuVECA Regulation2, the EuSEF Regulation3, the ELTIF Regulation4 and the MMF Regulation5, was published in Luxembourg's official journal and came into force on 22 July 2019.

The Law notably provides for the investigative and supervisory powers of the CSSF as well as its powers to impose administrative sanctions for the performance of its missions under the various regulations mentioned above. It also introduces some specific amendments to the Law of 23 July 2016 on Reserved Alternative Investment Funds ("RAIF(s)")6 and to the Law of 5 April 1993 on the Financial Sector.

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