Newsletters & Newsflashes

Background On 19 December 2023, ESMA published a final report on the proposed level 2 regulatory technical standards (the “ Final Report”) for Regulation (EU) 2015/760 of 29 April 2015 on the European Long-term Investment Fund , as amended (the “ ELTIF Regulation”). The amended ELTIF Regulation

The Virtual Assets FAQ, a go-to resource for understanding virtual assets in fund management, has seen notable changes in 2023. Here is what you need to know. Revised Question 2 : The New Rulebook for Virtual Asset Investments Question 2 has undergone a significant revamp in 2023. It is not just

UCIs and virtual assets | CSSF FAQ SFDR data collection for Luxembourg investment funds | update ESMA updated Q&A on the application of the AIFMD Revitalizing EU capital markets: new rules for retail investors Navigating the path to ESG transparency: joint consultation paper on review of SFDR

On 28 July 2023, the CSSF published In changes to the frequently asked questions regarding the submission of closing documents and financial information by managers (the “ FAQ”). This article provides a succinct summary of the key changes, tailored for a quick review. Context The FAQ provide certain

On 23 August 2023, the Luxembourg Business Register (hereinafter " LBR") issued circular 16/02 (the " Circular") aiming to provide certain clarifications regarding the steps to be taken with the LBR, following the entry into force of the law of 23 July 2016 on reserved alternative investment funds

In a recent development, the CSSF has issued Circular 23/839, amending circular CSSF 21/789 concerning, inter alia, the self-assessment questionnaire to be submitted annually by investment fund managers and rules concerning the management letter (as amended the “ Circular”). The Circular

Background On 17 May 2023, ESMA issued its opinion on undue costs of UCITS and AIFs (the “ Opinion ” ). The Opinion follows ESMAs Common Supervisory Action ( “CSA”) with National Competent Authorities ( “NCAs”) launched in January 2021. The aim of the CSA was to assess compliance with the cost

The law and RGD of 21 July 2023 The law of 21 July 2023 entered into force on 28 July 2023, and contained many changes amending all of the fund product laws, amongst which changes to the subscription taxes levied on certain funds. At the same time Grand-Ducal regulation was published the purpose of

On 3 August 2023, the CSSF published a Thematic Review on the implementation of sustainability-related provisions in the investment fund industry (the “ Thematic Review”). The objective of the Thematic Review is to inform the industry about the main observations that the CSSF has made in the context

On 24 July 2023, the law of 21 July 2023 modernising the Luxembourg fund toolbox (the “ Law”) has been published in the Luxembourg Official Gazette ( Mémorial). The Law amends the following Luxembourg laws: i) the law of 17 December 2010 relating to undertakings for collective investment (UCIs), as

On 30 June 2023, the CSSF published a press release on the SFDR data collection exercise for investment fund managers (“ IFMs”) and institutions for occupational retirement provision (“ IORPs”), on periodic reporting in relation to Regulation (EU) 2019/2088 on sustainability reporting in the

On 6 April 2023, the CSSF updated their frequently ask questions (“ FAQ”) on virtual assets addressed to undertakings for collective investment (“ UCIs”), (the “ FAQ”). This update involved the modification of the existing Question 2 and the addition of a new Question 3A. The update of Question 2