Newsletters & Newsflashes

The European Securities and Markets Authority ( ESMA), together with National Competent Authorities ( NCAs) closely monitor the situation in view of the continuing impact of the COVID-19 outbreak on financial markets in the European Union ( EU). On 11 March 2020 ESMA made the following

On 26 March 2020, the CSSF published a communication on lodging out-of-court complaints (the " Communication") available to customers of the professionals subject to the CSSF supervision. Pursuant to the Communication, because of the current situation with COVID-19, the CSSF’s offices are closed to

On 27 March 2020, the European Securities and Markets Authority (ESMA) announced a public consultation on its draft guidelines (the " Guidelines") on article 25 of Directive 2011/61/EU on alternative investment fund managers (the " AIFMD") related to leverage risks in the alternative investment

On 20 March 2020 the CSSF published an updated version of its frequently asked questions on swing pricing mechanism (the “ Updated FAQs”). The original FAQs first released on 30 July 2019 included set of rules on disclosure in constitutional documents, prospectus and organisational arrangements

In recent days, due to the outbreak of COVID-19, the CSSF has published a series of communications addressed to participants in the investment funds sector. A number of them relate to the extension of deadlines for notifications, questionnaire submissions or reports due with the CSSF in upcoming

On 17 March 2020, the CSSF published a circular-letter (the “ Letter”) relating to the annual online survey for the year 2019 collecting information concerning money laundering and terrorist financing risks to which the professionals under supervision are exposed (the “ Survey”). The Survey has been

On 10 March 2020, CSSF issued updated Frequently Asked Questions concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment. The update concerns disclosure of the performance fee, the investment manager’s fee and the investment advisor’s fee to investors of

Background The Securities and Futures Commission of Hong Kong (the “ SFC”) and the Commission de Surveillance du Secteur Financier (the “ CSSF”) signed on 15 January 2019 a Memorandum of Understanding concerning Mutual Recognition of Covered Funds (“ MRF”) between both countries. In relation to MRF

On 31 January 2020, the CSSF published press release 20/03 in the context of Brexit (the “ Press Release”). It refers to the CSSF’s press releases issued in 2019 on Brexit as well as the Luxembourg Laws of 8 April 2019 published in the context of the United Kingdom leaving the European Union without

On 6 February 2020 the European Securities and Markets Authority (ESMA) published its strategy on sustainable finance (the " Sustainable Strategy"). Its aim is to explain methods in which ESMA will include sustainability at the core of its activities by embedding Environmental, Social, and

Background On 27 January 2020, the CSSF published its first ML/FT risk analysis on the collective investment sector (the “ Analysis”). In 2019, in order to link the national risk assessment (“ NRA”) of money laundering and terrorist financing (“ ML/FT”) to the entity-level ML/FT risk assessments

On 31 January 2020, the CSSF published a circular-letter (the “ Letter”) on the annual online survey for the year 2019 collecting standardised key information concerning money laundering and terrorist financing (ML/FT) risks to which the professionals under supervision are exposed (the “ Survey”)