Newsletters & Newsflashes

On 29 November 2024 the EC published the draft Notice containing FAQs relating to the EU Taxonomy The European Commission (“ EC”) published further guidance on the EU Taxonomy in the form of a draft Notice containing FAQs, (the “Draft Commission Notice on the interpretation and implementation of

The CSSF has published a communiqué drawing attention to the Final Report providing the assessment of the shortening of the settlement cycle in the European Union (EU), published on 18 November 2024 by the European Securities and Markets Authority (ESMA) (the “ ESMA Report”). The ESMA Report

On 12 December 2024, ESMA released a consultation paper on regulatory technical standards (RTS) for open-ended loan-originating funds under the revised alternative investment fund manager directive (“ AIFMD”). According to the revised AIFMD, loan-originating Alternative Investment Funds (“ LO AIFs”)

Navigating WAL, WAM, and liquidity thresholds under MMFR Recent updates to the FAQ on Money Market Funds Regulation (“ MMFR”) (the “ FAQ”) bring clarity to compliance with Weighted Average Life (“ WAL”), Weighted Average Maturity (“ WAM”), and liquidity thresholds. Scope of Circular CSSF 24/856: WAL

New FAQ On 24 December 2024, the CSSF published the FAQ on the new Circular 24/856 concerning the protection of investors in case of an NAV calculation error, an instance of non-compliance with the investment rules and other errors at UCI level (the “ Circular 24/856”). With the entry into force of

New FAQ on AML/CFT asset due diligence obligations provides practical guidance on CSSF Regulation No 12-02 On 13 December 2024, the CSSF published their first version of FAQ on AML/CFT asset due diligence . The FAQ was published in the context of Article 34 (2) of CSSF Regulation 12-02 which imposes

On 18 December 2024, CSSF published updated FAQ on SFDR The update consisted in removing questions 2 (SFDR templates as a material change), 9 (EPM techniques) and 10 (application date for periodic disclosures) as well as to update Q&A 6 and 7. Q&A 6 was updated in order to specify that investment

New UCI notification procedure On 17 December 2024, the CSSF announced the availability of the new notification forms for errors and instances of non-compliance on the eDesk platform, as set out in the new Circular 24/856 on investor protection in the event of NAV calculation errors and non

Circular CSSF 24/854 Circular CSSF 24/854 was published on 29 February 2024. The purpose of the circular was to provide guidance on the Summary report dedicated to AML/CFT (" SRRC") to be prepared by the ‘ ’responsable du contrôle’ ’ (" RC") and submitted to the CSSF by the ‘’ responsable du respect

On 19 July 2024, the European Commission adopted a new Delegated Regulation implementing certain level two measures (the “ Level 2 RTS”) required pursuant to Regulation 2015/760 on European Long Term Investment Funds as amended by Regulation 2023/606 (the “ ELTIF 2.0 Regulation”). By enhancing

The CSSF issues a reminder to UCI Administrators on contract obligations and new annual reporting requirements under Circular CSSF 22/811. Contractual compliance: essential elements and disclosures The CSSF's recent 3 September communiqué underlines the importance of compliance with the contractual