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This is the second Snippet in a series on the insourcing of functions in Luxembourg fund structures. As outlined in the first Snippet, US fund managers (USFM) often set up their asset acquisition...

On 15 January 2019, the Hong Kong Securities and Futures Commission ("SFC") and the CSSF signed a Memorandum of Understanding ("MoU") concerning mutual recognition of investment funds

Credit funds of the same sponsor may engage in cross trades, meaning that credit assets are transferred between funds. AIFMD 2.0 will introduce risk retention rules (RR-rules) as from 16 April 2026.

Loyens & Loeff New York regularly posts ‘Snippets' on a range of EU tax and legal topics. This Snippet focuses on the notification, disclosure, and asset stripping rules for EU targets when US fund...

The EU Sustainable Finance Disclosure Regulation ("SFDR") imposes sustainability related disclosures on alternative investment funds ("AIFs") and their managers ("AIFMs").

Loyens & Loeff New York regularly posts ‘Snippets' on a range of EU tax and legal topics. This Snippet describes the guidelines that have been published on the use of certain terms...

A Luxembourg alternative investment fund ("AIF") managed by a Luxembourg authorized alternative investment fund manager ("AIFM") must appoint a Luxembourg depositary ("Depo").

On 15 December 2023, the CSSF announced its updated application questionnaire for ELTIF 2.0. With the updated application questionnaire, the CSSF...

The proposed regulation (the "Regulation") on European Long-Term Investment Funds ("ELTIF") has been adopted by the European Parliament (the "EP") on March 10th 2015.

The Luxembourg Registration Duty, Estate and VAT Authority (in French, l'administration de l'enregistrement, des domaines et de la TVA or "AED") has under its anti-money laundering and counter financing of terrorism...

The European Parliament has recently reached a political agreement with the European Council and European Commission regarding the proposal

In light of the ongoing Brexit discussions, the UK Financial Conduct Authority (FCA) has decided to re-open the temporary permissions regime (TPR) as from 30 September 2020.

On 7 March 2013, in the case GfBk (C-275/11), the Court of Justice of the European Union (the "Court") ruled on an important issue concerning the scope of the VAT exemption applicable for the management of investment funds.

CSSF recognises first equivalent third countries and clarifies when an investment service is rendered in Luxembourg.

AIFs having a professional depositary of assets other than financial instruments appointed as their single depositary and having designated an electronic money institution or a payment institution to hold their cash accounts ...

Alternative investment fund managers aiming at a registration and/or an authorisation with the CSSF as well as the extension of their services and/or the modification of their shareholding structure should use the notification templates ...

On 27 July 2022, the Luxembourg financial regulator (CSSF) released a communication on the regulatory requirements arising from Regulation (EU) 2019/2088 of 27 November 2019...