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ARTICLE · 03 OCTOBER 2019

Swing Pricing Mechanism

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The Luxembourg financial supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF), recently provided answers to frequently asked questions ...

LuxembourgFinance and Banking

The CSSF tells Luxembourg regulated funds how they should do the swing – swing pricing, that is

On 30 July 2019, the CSSF1 published its answers to frequently asked questions (together, the "FAQ") regarding the swing pricing mechanism (the "SPM").

The principles articulated in the FAQ apply to Luxembourg regulated funds employing the SPM, i.e. (1) undertakings for collective investment in transferable securities ("UCITS") subject to part I of the Law of 17 December 2010 on undertakings for collective investment (the "UCI Law"), (2) undertakings for collective undertakings subject to part II of the UCI Law ("Part II UCIs") and (3) specialized investment funds ("SIFs"; together with the UCITS and the Part II UCIs, the "Regulated Funds") subject to the Law of 13 February 2007 (the "SIF Law").

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