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ARTICLE · 13 DECEMBER 2018

SIFs And SICARs To Be Impacted By New CSSF Regulations

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Two new regulations recently released by the CSSF will have a significant impact on regulated investment vehicles in Luxembourg. These regulations specify rules on risk management and conflict of interest policies for SIFs and SIGARs.

LuxembourgFinance and Banking
Jérémie Schaeffer
Jérémie Schaeffer
Suzana Guzu Mercea
Suzana Guzu Mercea

Two new regulations recently released by the CSSF will have a significant impact on regulated investment vehicles in Luxembourg. These regulations specify rules on risk management and conflict of interest policies for SIFs and SICARs. Adopted on the last day of last year, the regulations were published in the Official Gazette on 13 January 2016 and are bound to enter into force on 1 February 2016.

Do the regulations apply to all types of SIFs and SICARs?

No, the regulations only apply to the following SIFs / SICARs:

  • SIFs / SICARs managed by a registered alternative investment fund manager (AIFM); or
  • SIFs / SICARs managed by a manager benefiting from an exemption to get authorized or to register by virtue of the Law of 12 July 2013 on alternative investment fund managers (the AIFM Law);

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