Newsflashes

On 19 June 2024, the European Parliament and Council published the new anti-money laundering and countering the financing of terrorism (“ AML/CFT ”) package – an extensive reformative legislative package – that consists of three main legal texts: Regulation (EU) 2024/1624 of 31 May 2024 aimed at

Introduction On 24 April 2024, the European Parliament adopted a package of new measures which are commonly referred to as the " Listing Act" which aims to further develop the Capital Markets Union and which consists of three interconnected legislative proposals: an amending regulation amending

Introduction On 14 May 2024, the UK Government released official Regulations confirming its equivalence decisions regarding EEA states under the UK's Overseas Funds Regime (OFR). An explanatory memorandum, providing further clarification, accompanied the Regulations The Regulations take effect on 16

On 7 May 2024, ESMA published a call for evidence on the review of the Commission Directive 2007/16/EC on UCITS Eligible Assets (the “ UCITS EAD”). Background Under Directive 2009/65/EC of 13 July 2009 (the “ UCITS Directive”), a UCITS fund is permitted to invest only in specific asset classes

ESMA updates its Q&A on costs and fees ESMA published on 8 and 24 May 2024 further responses to questions on the application of performance fees, expanding their Q&A on costs and fees . The Q&A concern the application of a minimum performance reference period to additional reference indicators and

Published on 28 March 2024 this circular enters into effect on 1 January 2025 and replaces CSSF Circular 02/77. CSSF Circular 24/856 aims at extending and codifying the rules applicable to Luxembourg investment funds in the event of a NAV calculation error, an investment breach or other errors that