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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

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

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

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

The CSSF issued on 24 July 2024 a clarification regarding the controls Luxembourg depositaries must implement when handling AIFs investing in illiquid assets. The CSSF has observed inconsistencies in how depositaries approach their safekeeping duties, particularly in ownership verification and

On 20 June 2024, the CSSF has released an update on its Frequently Asked Questions concerning Circular CSSF 02/77 on protection of investors in case of NAV calculation errors, non-compliance with investment rules and other types of errors at UCI level (which will be replaced by Circular CSSF 24/856