Newsletters & Newsflashes

Luxembourg Draft Law No. 8628 (the “ Draft Law”) transposes Directive (EU) 2024/927 into the law of 17 December 2010 on undertakings for collective investment (the “ UCI Law”) and the law of 12 July 2013 on alternative investment fund managers (the “ AIFM Law”), focusing on delegation, liquidity

Publication The CSSF officially published Circular 25/894 (the " Circular") on 26 June 2025, setting out a broader framework and expanded notification obligations for Luxembourg investment fund managers (" IFMs") managing funds that are not authorised by the CSSF. In principle, the Circular states

On 30 September 2025, the CSSF published an updated version of its Frequently Asked Questions (FAQ) on international financial sanctions. This update replaces the previous version dated March 2022 and substantially expands the FAQ to reflect the current regulatory framework applicable in Luxembourg

Communication On 30 September 2025, the CSSF published a communication on the AML/CFT Market Entry Form (“ MEF”). The MEF aims at collecting standardised key information in relation to money laundering and terrorist financing risks which must be submitted by funds (to be) authorised (including

The changing investment landscape in European Defense and the role of private and public capital The European Union (EU) is witnessing a significant transformation in its defense investment strategy, driven by geopolitical dynamics and a renewed emphasis on strategic autonomy. Initiatives such as

The International Organization of Securities Commissions (IOSCO) has published the following final reports on 26 May 2025: Final revised Recommendations for Liquidity Risk Management for Collective Investment Schemes as an update to their earlier 2018 recommendations (the “ Revised Liquidity

On 20 May 2025, the CSSF published Version 24 of its FAQ on the law of 12 July 2013 on alternative investment fund managers (“ AIFM Law”). This document provides updated guidance on the interpretation and application of various provisions of the AIFM Law, including revised definitions, clarification

Background On 27 June 2025, the new circular Circular CSSF 25/894 – Information to be submitted to the CSSF in relation to investment funds non-authorised by the CSSF (the “ Circular”) entered into force . The Circular focuses on transparency, risk assessment, and oversight of investment funds that

On 28 May 2025, the European Commission adopted its EU Startup and Scaleup Strategy (the " Strategy") - a coordinated EU-level framework designed to support the creation, growth and internationalisation of innovative startups and scaleups. The Strategy sets out 26 legislative, regulatory and

Publication Luxembourg has officially released its updated National Risk Assessment (NRA 2025) on money laundering, marking a key milestone in the country’s ongoing efforts to strengthen its anti-money laundering and counter-terrorist financing (AML/CFT) framework. Coordinated by the Ministry of

On 26 May 2025, the CSSF published Version 8 of its FAQs on the AML/CFT Market-Entry Form (“ MEF”) relating to the completion of the MEF to be submitted via eDesk. This document provides clarifications on the circumstances in which the MEF must be submitted or updated, and on the information and

On 5 May 2025, the Joint Committee of the European Supervisory Authorities ( ESAs) (that is, the EBA, EIOPA and ESMA) published an updated version of its Q&As (JC 2023 22) on the Regulation on key information document ( KID) requirements for packaged retail and insurance-based investment products