On the 18th March, 2026, the CSSF issued a communication to the investment fund industry (the “Communication”) following the introduction of the Law of 3 March 2026 (the “2026 Law”), which transposed Directive (EU) 20204/927 of the European Parliament and of the Council of 13 March 2024 amending Directives 2011/61/EU and 2009/65/EU (“AIFMD II/UCITS VI”).
The Communication highlights that following the transposition of AIFMD II/UCITS IV, with effect from the 16th April, 2025, additional liquidity management requirements have been introduced with respect to Luxembourg domiciled UCITS, their Management Companies, and Luxembourg authorized AIFMs that manage opened-ended AIFs (“Market Participants”).
