On March 2nd 2016 the Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier ("CSSF"), published the Press Release 16/10 on practical issues in relation to (i) the implementation of Directive 2014/91/EU amending Directive 2009/65/EC (the “UCITS V Directive”) and (ii) depositary aspects in relation to UCIs subject to Part II of the law of December 17th 2010, relating to undertakings for collective investment (the “UCI Law”) (“Part II UCIs”) .
We refer to our Legal alert of March 4th 2016 for further information on the content of the press release.