Events listed in Luxembourg
Communiqué UCITS marketing notifications
ID 25814
The CSSF reminds of its CSSF Circular 22/810 on 12 May 2022, informing Luxembourg UCITS of the upcoming changes to the marketing notification and de-notification procedures for shares in another Member State. The circular states that as of 2 January 2024, the eDesk Portal will be available for Luxembourg UCITS to notify or de-notify arrangements for marketing of shares in accordance with Article 6 ...
Whistleblowing
ID 25791
On 14 November, the CSSF published a set of trilingual Whistleblowing forms for the reporting of breaches of financial sector regulations to the CSSF. The CSSF asks do not use this form for customer complaints against entities subject to the supervision of the CSSF or for general requests for information to the CSSF. In the meantime, the CSSF also updated its Whistleblower Protection Guidelines ...
Circulaire CSSF 23/845
ID 25790
Circular CSSF 23/845 provides amendments to Circular CSSF 22/821, focusing on the LFR, and Circular CSSF 22/826, addressing practical rules for the statutory audit mandate of approved statutory auditors. The primary objective is to enhance clarity based on industry feedback and align the SAQ content with supervisory priorities. The revised SAQ now encompasses five thematic sections. First, credit and counterparty risk are expanded, responding ...
DBRS Morningstar confirme le „AAA“ du Luxembourg avec perspective stable
ID 25762
DBRS Morningstar confirmed the „AAA“ rating of Luxembourg with a stable outlook on Friday, 10 November 2023, after the markets closed. The agency highlights the solid economic fundamentals of the country despite a temporary economic slowdown and moderate increase in budgetary pressures. According to DBRS Morningstar, Luxembourg will experience a contraction of its GDP in 2023 but expects a rebound in 2024. The current ...
Circulaire CSSF 23/844
ID 25621
Circular CSSF 23/844, titled „Reporting obligations for Alternative Investment Fund Managers,“ addresses AIFMs governed by Luxembourg law and individuals involved in the operation and control of these entities. The directive under consideration is Directive 2011/61/EU, commonly referred to as „AIFMD,“ enacted by the European Parliament and the Council on 8 June 2011. **AIFMD imposes periodic reporting requirements on AIFMs based on factors such as ...
ALFI responds to the EU Commission’s ‘have your say’ on the proposal for a ...
ID 25536
ALFI responded to the EU Commission’s ‘have your say’ on the proposal for the proposed regulation on Financial Data Access (FiDA) and amending regulations (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2022/2554. ALFI represents the Luxembourg asset management and investment fund community and emphasizes the importance of considering the impact of the proposed regulation on the fund industry. The document ...
ALFI statement on the conclusion of trialogue negotiations concerning the AIFMD ...
ID 25514
ALFI published as statement on the conclusion of trialogue negotiations concerning the AIFMD review, a process initiated over three years ago following various reports and consultations by the European Commission. While the primary focus was on managers of alternative investment funds, revisions to several provisions of the UCITS Directive have also ensued. **The revised directives will impose increased information requirements upon the authorization of ...
IFM – Tied agent notification forms
ID 25401
A tied agent in Luxembourg is an entity or natural person that acts on behalf of an investment firm or AIFM within the meaning of Article 1(1) of the Luxembourg law of 5 April 1993 on the financial sector. Tied agents are allowed to be used by AIFMs according to the Law of 21 July 2023 that modernized its fund toolbox. In this context, ...
Circulaire CSSF 23/842
ID 25341
The CSSF has issued Circular CSSF 23/842, which covers the adoption of the revised EBA guidelines on money laundering and terrorist financing risk factors (EBA/GL/2023/03). This circular applies to credit and financial institutions as defined in Article 1(3) and (3a) of Title I of Chapter 1 of the Law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended. ...
Circulaire CSSF 23/843
ID 25340
The CSSF has issued Circular CSSF 23/843, which covers the adoption of the EBA Guidelines EBA/GL/2023/04 on money laundering and terrorist financing risk factors when providing access to financial services. This circular applies to credit and financial institutions as defined in Article 1(3) and (3a) of Title I of Chapter 1 of the Law of 12 November 2004 on the fight against money laundering ...