Your research,
our knowledge

Open-ended AIFs and UCITS must integrate at least two liquidity management tools under the new AIFMD II framework. Regulatory update – Investment funds The deadline for the transposition of Directive (EU) 2024/927 (the “ AIFMD II”) was 16 April 2026. The European Commission has finalised the

ESMA has published two new Q&As under the alternative investment fund managers directive (“ AIFMD”). These updates address safekeeping of client money and delegation of portfolio or risk management to non-supervised undertakings outside the EU, providing clearer regulatory guidance for AIFMs. AIFMs

New rules redefine reporting for MMFs and non-MMF investment funds Following the ECB Regulation 2024/1988, the CSSF Circular 24/866, issued in collaboration with the Banque Centrale du Luxembourg (“ BCL”), is here to develop how Money Market Funds (“ MMFs”) and non-MMF investment funds report their

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 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

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