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On 12 February 2025, Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier ("CSSF"), introduced a simplified procedure ("Procedure") for creating new share class(es).

On 1 February 2024, the European Securities and Markets Authority (ESMA) published an article on the efficiency of funds focused on the United Nations Sustainable Development Goals (SDG)...

On 27 June 2025, the CSSF published Circular 25/894, which repeals CSSF Circular 15/612. Circular 15/612 is well-known to alternative managers as it was used by Luxembourg AIFMs on a daily basis to register new AIFs that they manage with the CSSF.

For initial fund vintages EU fund managers (EUFMs) typically focus on raising capital from a smaller pool of domestic investors. As their investment strategies gain traction...

The CSSF has published on its web site on January 10, 2014 a fresh update, the fourth, of its Frequently Asked Questions document regarding Luxembourg’s law of July 12, 2013 on alternative investment fund managers.

On 3 August 2023, the CSSF published a Thematic Review on the implementation of the sustainability-related provisions in the investment funds industry.

The European Securities and Markets Authority (ESMA) published on 19 December 2023 its final report on the draft regulatory technical standards (RTS) under the revised European Long-Term Investment Fund (ELTIF) regulation.

On January 30, the European Securities and Markets Authority issued an opinion on the minimum principles that management companies must apply when establishing different UCITS share classes.

On 6 April 2022, the European Commission ("EC") adopted the EU Sustainable Finance Disclosure Regulation ("SFDR") Regulatory Technical Standards in the form of a delegated regulation ("RTS").

ESMA has published on July 21 the latest update to Question and Answers document on the Alternative Investment Fund Managers Directive.

The Q&A document was updated by ESMA in July and again at the end of September.

Asia is a continent of contrasts, with huge variations in natural resources, business environments, and cultures.

According to the latest statistics, Luxembourg is the fifth largest domicile for Shariah-compliant investment funds (‘Sharia Funds’) worldwide and the first non-Muslim domicile.

Alternative Investment Fund Managers (AIFMs) face complex regulatory and operational challenges when appointing distributors to market their funds across multiple jurisdictions. The distribution agreement must clearly define roles, responsibilities, and oversight mechanisms while addressing AIFMD delegation requirements, cross-border marketing rules, and local placement regimes.

Luxembourg has moved swiftly to publish the bill of law implementing AIFMD 2 and UCITS 6 into national law.

Discover our timeline and analysis of the latest developments in the AIFMD II legislative process.

On 27 January 2017, ESMA published a Q&A on its Guidelines on Alternative Performance Measures ("APMs").