Newsletters & Newsflashes

The Grand-ducal Regulation of December 21 st 2017 relating to the fees to be levied by the CSSF (the “ New Grand-ducal Regulation”) entered into force as of January 1 st 2018 and has created a number of changes to the fees levied on investment fund vehicles and management companies. In general

On April 5 th 2017, the European Parliament approved the Regulation (EU) 2017/1131 of June 14 th 2017 on Money Market Funds (the “ MMF Regulation”). The MMF Regulation enters in effect on July 21 st 2018. On January 15 th 2018 the European Commission, in preparation for the introduction of full

On December 12 th 2017 the European Supervisory Authorities (“ ESAs”) published draft regulatory technical standards amending Regulation (EU) 2016/2251 supplementing Regulation (EU) No. 648/2012 (“ EMIR”) with regard to regulatory technical standards on risk-mitigation techniques for OTC derivative

Pursuant to Article 13 of Regulation (EU) 2015/2365 of November 25 th 2015 on transparency of securities financing transactions (“ SFT”) and of reuse (the “ SFTR”), UCITS management companies, and UCITS investment companies shall inform investors on the use they make of SFTs and total return swaps

On October 5 th 2017 ESMA added three new questions to its AIFMD Q&A. Regarding the impact of SFTR on alternative investment funds, ESMA adopts the same approach as for UCITS ( see above). One difference being that for AIFMs, the information have to be disclosed to investors only in each annual

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