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The CSSF expects all Investment Fund Managers (“IFMs) to self-assess their valuation frameworks and remediate gaps. Supervisory follow-up is expected. Background The CSSF has published a Feedback Report following its thematic review of the valuation frameworks applied by Luxembourg-domiciled

An AIFM may be bound by a redemption order accepted by an unauthorised employee - and the redeeming investor becomes a creditor once payment falls due. In a significant ruling for the Luxembourg investment funds industry, the Cour de cassation on 27 March 2025 upheld the decision of the court of

On 24 April 2026, the CSSF published Version 8 of its FAQ on Crypto-Assets for Undertakings for Collective Investment (the “ FAQ”). Following the significant amendments introduced by Version 7 of the FAQ in connection with the entry into application of Regulation (EU) 2023/1114 on markets in crypto

ESMA flags persistent gaps in cross-border fund marketing compliance ESMA's cross-border fund marketing review confirms that, almost four years after the cross-border distribution of funds regime entered into force, many managers still fall short of regulatory expectations. ESMA has published its

CSSF supervisory fees for Luxembourg funds and fund managers remain unchanged, while new fee regimes apply from 16 January 2026. The Grand-Ducal Regulation of 8 January 2026 relating to the fees levied by the CSSF introduced new fee regimes in connection with recent EU regulatory developments

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