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  • Article

    New CSSF Fees

    The Grand-Ducal Regulation of 17 December 2021 relating to the fees to be levied by the CSSF ("Regulation"), which repeals the Grand-Ducal Regulation of 21 December 2017, entered into force on 1 January 2022.
    LuxembourgFinance and Banking
    ELVINGER HOSS PRUSSEN, société anonyme
    ELVINGER HOSS PRUSSEN, société anonyme
  • Article

    New ESMA Q&A Addressing AIFMD And UCITS Depositary Issues

    On 4 June 2019, ESMA published updated questions and answers on the application of the Alternative Investment Fund Managers Directive ("AIFMD ") and the Undertakings for the Collective Investment in Transferable Securities ("UCITS ") Directive.
    LuxembourgFinance and Banking
    ELVINGER HOSS PRUSSEN, société anonyme
    ELVINGER HOSS PRUSSEN, société anonyme
Article

NEWS : Investment Funds: CSSF Publishes Replacement For 02/77 Circular

Today, the Luxembourg regulator CSSF published a replacement for its circular 02/77 that dealt with procedures to be followed in case of a net asset value calculation error or breach...
LuxembourgFinance and Banking
Vandenbulke
Vandenbulke
  • Article

    NEWS / Investment Funds: Final ELTIF RTS Released

    After a long gestation period and a rather controversial discussion between the European regulator ESMA and the European Commission, last Friday the latter released...
    LuxembourgFinance and Banking
    Vandenbulke
    Vandenbulke
  • Article

    Non-eligibility Of Loans For UCITS

    Loans qualifying as money market instruments can no longer be held by UCITS funds.
    LuxembourgFinance and Banking
    ELVINGER HOSS PRUSSEN, société anonyme
    ELVINGER HOSS PRUSSEN, société anonyme
  • Article

    The AIFMD And Its Implementation In Luxembourg - Update January 2020

    We are pleased to present the updated version of our brochure "The AIFMD and its implementation in Luxembourg".
    LuxembourgFinance and Banking
    ELVINGER HOSS PRUSSEN, société anonyme
    ELVINGER HOSS PRUSSEN, société anonyme
  • Article

    The Alternative Investment Fund Managers Directive - Recent Developments

    The EU Commission has recently published a Q&A on AIFMD. This Q&A is based on questions received from the actors and reflects the current position of the EU Commission on various AIFMD topics.
    LuxembourgFinance and Banking
    ELVINGER HOSS PRUSSEN, société anonyme
    ELVINGER HOSS PRUSSEN, société anonyme
  • Article

    The CSSF Introduces A New EDesk Module For The Declaration Of Performance Fees By Investment Fund Managers Of Luxembourg-based UCITS And/or AIFs They Manage As From 30 September 2021

    Further to publication by ESMA of guidelines on performance fees in November 2020 (applicable since 6 January 2021), the CSSF issued Circular CSSF 20/764 on 18 December 2020 and integrated the Guidelines into its administrative practice ...
    LuxembourgFinance and Banking
    NautaDutilh Avocats Luxembourg
    NautaDutilh Avocats Luxembourg
  • Article

    The European Supervisory Authorities (ESAs) Recommendations On Changes To The PRIIPs KID

    They indicate how the investment could perform under various different scenarios.
    LuxembourgFinance and Banking
    Chevalier & Sciales
    Chevalier & Sciales
  • Article

    The Law Implementing Benchmarks Regulation Published In The Mémorial

    On 22 March 2018, the draft bill of law N°7164 implementing the Benchmarks Regulation 2016/1011 (BMR) was adopted by the ‘Chambre des Députés‘ (Luxembourg Parliament).
    LuxembourgFinance and Banking
    KPMG Luxembourg
    KPMG Luxembourg
  • Video

    UCITS 2022 Webinar Series - UCITS Liquidity Risk Management (Video)

    The fifth episode of our UCITS 2022 webinar series will combine regulatory insight with a practical approach in order to address different aspects of UCITS liquidity risk management – from performing proper assessments to implementing ...
    LuxembourgFinance and Banking
    Arendt & Medernach
    Arendt & Medernach
  • Article

    UCITS And Certain Types Of AIFs: Clarifications On Performance Fees

    On 28 May 2021 and 16 July 2021, new questions on performance fees were added to the ESMA Q&As on UCITS and on AIFMs , to complete the Guidelines on performance fees in UCITS and certain types of AIFs ("Guidelines")..
    LuxembourgFinance and Banking
    ELVINGER HOSS PRUSSEN, société anonyme
    ELVINGER HOSS PRUSSEN, société anonyme
  • Article

    UCITS V Adopted

    We reported in a previous article that on April 15th 2014 the European Parliament adopted the Directive of the European Parliament and of the Council amending Directive 2009/65/EC.
    LuxembourgFinance and Banking
    BSP
    BSP
  • Article

    UCITS V - CSSF Circular 15/608

    The initial deadline applicable to UCITS custodian banks in order to comply with Circular 14/587 was December 31st 2015.
    LuxembourgFinance and Banking
    BSP
    BSP
  • Article

    US Fund Managers, Luxembourg Proposes To Codify Withholding Tax – New York Office Snippet

    US fund managers with an EU investment strategy generally use one or more special limited partnerships ("SCSp") to raise capital from European investors.
    LuxembourgFinance and Banking
    Loyens & Loeff
    Loyens & Loeff
  • Article

    Wildgen ‘Fund Finance Experts Talks' Highlights Sustainable Finance And The APAC Market

    Luxembourg-based law firm Wildgen published its fourth episode of "Fund Finance Experts Talks" this week, featuring host Michael Mbayi and industry leader Sally Little, ...
    LuxembourgFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    US Fund Managers: New Guidance For Luxembourg Retail Products, What Matter Most – New York Office Snippet

    The Luxembourg financial regulator (CSSF) has issued guidance for open-ended Luxembourg regulated fund products, excluding ELTIFs. Below, we focus on what matters most for US fund managers (USFM).
    GlobalFinance and Banking
    Loyens & Loeff
    Loyens & Loeff
  • Article

    CBRE Investment Management And ABP Announce €1 Billion Investment Strategy In Dutch Residential Market

    We had the privilege of advising CBRE as legal, tax, and regulatory counsel on the structuring and establishment of a landmark...
    LuxembourgFinance and Banking
    Loyens & Loeff
    Loyens & Loeff
  • Article

    Cross-border (pre-)marketing: CSSF Digitalised Process

    On 12 May 2022, the CSSF issued Circular 22/810 indicating that the reception and processing by the CSSF of the following (pre)marketing notification and de-notification procedures will be...
    LuxembourgFinance and Banking
    ELVINGER HOSS PRUSSEN, société anonyme
    ELVINGER HOSS PRUSSEN, société anonyme
  • Article

    CSSF Annual Report 2019

    The report on the CSSF activities and on the development of Luxembourg's financial centre in 2019 has been released and is available on the CSSF website .
    LuxembourgFinance and Banking
    ELVINGER HOSS PRUSSEN, société anonyme
    ELVINGER HOSS PRUSSEN, société anonyme
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