Our publications
BSP’s lawyers regularly share their knowledge through regular legal updates, newsletters and professional publications.
Latest Newsletters & Newsflashes
Feb 05, 2026Newsflash | CSSF updated Q&A on crypto-assets
On 4 February 2026, the Commission de Surveillance du Secteur Financier (CSSF) issued Version 7 of its FAQ on Crypto-Assets for Undertakings for Collective Investment. The update, which comes into effect today introduces material changes to investment permissions, authorisation thresholds, and
Jan 27, 2026AIF I CNC interpretation of Article 1711-8(3) of 1915 Luxembourg company law
Regulatory Development On 9 December 2025, the CSSF drew attention to the publication by the Commission des normes comptables (CNC - Accounting Standards Commission) to a Q&A of the CNC (“ Q&A CNC 25/036”) interpreting Article 1711-8(3), point (3), of the Law of 10 August 1915 on commercial
Jan 27, 2026ELTIF 2.0 I ESMA releases European Commission guidance on key regulatory issues for fund managers
On 5 December 2025, the ESMA published clarifications addressing key European Long Term Investment Fund (" ELTIF") industry questions submitted to the European Commission (“the Commission”) on the structuring of ELTIFs and their managers. The primary objective was to resolve uncertainties
Jan 05, 2026CSSF Circular 25/901: Part III | Changes to the Part II UCI regime
Circular 25/901 also applies to undertakings for collective investment subject to Part II of the law of 17 December 2010 on undertakings for collective investment in transferable securities, as amended (“ Part II UCIs” and the “ 2010 Law” respectively). This article concentrates on the changes to
Dec 22, 2025CSSF Circular 25/901: Part I | Modernising the SICAR Regime
The CSSF issued Circular 25/901 on 19 December 2025 as part of a broader effort towards modernisation, clarification and simplification. The circular applies to investment companies in risk capital (" SICARs"), specialised investment funds (" SIFs") and Part II undertakings for collective investment
Dec 19, 2025CSSF FAQ Circular 22/811 I UCI Administrators (UCIA) – Version 6
On 18 December 2025, the CSSF published Version 6 of its FAQ relating to Circular CSSF 22/811 on UCI Administrators (“ UCIA Circular”). This updated FAQ focuses on clarifying the scope of application of the UCIA Circular and removes certain previously included questions. It does not introduce new
Latest Brochures
Nov 28, 2025Investment Management Brochure
Our new Investment Management practice brochure includes our expertise in this market and all the specificities of investment vehicles in Luxembourg. Our team has a strong and well-established expertise in all areas of investment funds law. At a time of increasing and changing regulation, we ensure
Jul 28, 2024RAIF | Reserved Alternative Investment Funds
This leaflet presents a focus on the Reserved Alternative Investment Fund (RAIF), a new and flexible alternative investment vehicle approved by the Law of 23 July 2016, which entered into force on 31 August 2016 (the RAIF Law). The RAIF Law creates a new type of unregulated fund which has many of
Feb 12, 2024ELTIF in a nutshell
The ELTIF was created by Regulation (EU) 2015/760 on European Long-term Investment Funds of 19 May 2015 (and effective from 9 December 2015) (the “ ELTIF 1 Regulation”). The European Long-Term Investment Fund (“ ELTIF”) is a type of collective investment framework allowing investors to invest money
Latest Articles & Books
Aug 28, 2025Thomson Reuters Practical Law | Regulation of state and supplementary pension schemes in Luxembourg
Q&A guide to pensions law in Luxembourg. The Q&A gives a high-level overview of the regulation of national government pensions and supplementary pensions. On national government pensions, it covers employer/employee contributions; national government pension age and monthly amount; and the public
Jul 02, 2025Luxembourg has room to grow in crypto
Paperjam Article and Video Luxembourg’s strong fund ecosystem positions it well for future growth in crypto and tokenisation. Despite this growth potential and regulations supporting this space, certain challenges persist. BSP partner and head of its Investment Management department Evelyn Maher
Apr 24, 2025Paperjam Experts | Alternative investments: Luxembourg has room to grow in crypto
Luxembourg’s strong fund ecosystem positions it well for future growth in crypto and tokenisation. Despite this growth potential and regulations supporting this space, certain challenges persist. Our Partner and head of the Investment Management department, Evelyn Maher shares her insights on the
Mar 07, 2025Chambers | Investment Funds 2025 Guide
The Investment Funds 2025 guide covers over 20 key jurisdictions in this sector. The guide provides the latest information on alternative investment funds and retail funds, including fund formation, restrictions on investors, the regulatory environment, operational requirements, the fund finance
Feb 12, 2024Chambers | Investment Funds 2024 Guide
The Investment Funds 2024 guide covers 20 jurisdictions. The guide provides the latest information on alternative investment funds and retail funds, including fund formation, restrictions on investors, the regulatory environment, operational requirements and the tax regime. Law and Practice 1
Jan 16, 2024Thomson Reuters Practical Law | Regulation of state and supplementary pension schemes in Luxembourg
A Q&A guide to pensions law in Luxembourg. The Q&A gives a high-level overview of the regulation of national government pensions and supplementary pensions. On national government pensions, it covers employer/employee contributions; national government pension age and monthly amount; and the public
Latest Videos
Sep 27, 2023Women in Law Series: Evelyn Maher
Sep 21, 2023Towards the modernisation of the Luxembourg fund industry
Jun 23, 2023Happy Luxembourg National Day
Sep 01, 2022Investment Funds Industry in Luxembourg
