Events listed in Luxembourg
ALFI responds to ESAs consultation paper on DORA draft regulatory technical a) to ...
ID 24879
The ESAs launched public consultations on the first batch of policy products under the Digital Operational Resilience Act (DORA) on 19 June 2023. This includes four draft regulatory technical standards (RTS) and one set of draft ITS. These measures aim to establish a consistent and harmonized legal framework for ICT risk management, major incident reporting, and third-party risk management in the EU financial sector. ...
ALFI responds to the FSB Consultation addressing Structural Vulnerabilities from ...
ID 24833
ALFI responded to the FSB Consultation on Structural Vulnerabilities Arising from Liquidity Mismatch in OEFs. This consultation coincided with the IOSCO consultation report on Anti-dilution Liquidity Management Tools, aiming to provide guidance for the effective implementation of liquidity risk management recommendations for CIS (see ALFI’s corresponding response in eventid=22788). **ALFI appreciates the principle-based guidance that promotes convergence and good practi ...
ALFI responds to IOSCO consultation report on anti-dilution liquidity management ...
ID 24821
ALFI has responded to IOSCO’s consultation report on anti-dilution liquidity management tools. ALFI highlights that open-ended RE funds already have appropriate mechanisms in place to manage liquidity and mitigate dilution risks. These mechanisms include commitment mechanisms, redemptions paid with undrawn commitments and unencumbered cash, and the use of adjusted NAVs. The ALFI survey indicates that only 1% of Luxembourg real estate funds made use ...
ALFI responds to the European Commission’s consultation regarding the proposal for ...
ID 24811
ALFI has responded to the European Commission’s request for feedback on the proposed regulation on the transparency and integrity of ESG rating activities. ALFI generally welcomes the proposed regulation but has some specific comments and suggestions. ALFI suggests that certain cases should be exempted from the regulation’s rules, including ESG ratings shared within a group, internal ESG assessments of investments for internal use, ESG ...
ALFI submits a position paper on the European Commission proposal on a retail ...
ID 24759
The ALFI has expressed its position on the European Commission’s proposal for a retail investment package, which includes the Omnibus Directive and the PRIIPs Regulation. ALFI believes that the proposal has some positive elements, but also raises concerns about certain provisions that could negatively impact investors and stifle innovation. **One of the main concerns is the use of benchmark assessments to evaluate the value ...
Unauthenticated remote code execution vulnerability in NetScaler ADC (formerly ...
ID 24727
The CSSF warns of a significant security vulnerability, CVE-2023-3519, which is an unauthenticated remote code execution issue affecting NetScaler ADC (formerly Citrix ADC) and NetScaler Gateway (formerly Citrix Gateway). CIRCL (Computer Incident Center Luxembourg) has published a technical report on this vulnerability, along with recommendations. CVE-2023-3519 poses a severe risk as it allows unauthenticated threat actors to execute arbitrary code on vulnerable servers. Whil ...
ALFI responds to ESMA RTS under the revised ELTIF Regulation
ID 24720
ALFI responded to the ESMA Consultation Paper on the draft regulatory technical standards under the revised ELTIF Regulation, providing detailed feedback on various aspects of the proposed regulations. Regarding the assumptions made in relation to the ELTIF cost ratio figures, ALFI suggests that these assumptions need to be reworked to consider the specificities of the alternative asset classes in which ELTIFs invest. ALFI also ...
2021-2023 Marketing communications under the regulation on cross-border ...
ID 24709
The CSSF conducted a thematic review on MCs used by Luxembourg IFMs under the EU Regulation 2019/1156 from 1 April to 31 March 2023. The purpose was to assess compliance with regulatory requirements and enhance investor protection. Fund managers are responsible for ensuring compliance with Article 4 of the regulation, regardless of who is marketing the fund. IFMs are advised to consider the findings ...
CNPD contribue à l’organisation du séminaire de l’UIA
ID 24689
The CNPD is actively involved in supporting the UIA in the organization of a seminar titled „Challenges for the law of obligations, artificial intelligence, fintech, data protection, and new legislation on digital services.“ Various prestigious institutions, including Bonn & Schmitt, the Bars of Strasbourg, the Institut de Droit Européen des Barreaux – I.D.E.B, the European Commission, the **Court of Justice of the European Union, ...
Asset Management
conference / webinar
La CNPD intervient à la Tech Supreme Court : Edition IA
ID 24688
Maxime Dufour, an agent at the CNPD, is set to participate in the upcoming Tech Supreme Court, scheduled for 19 October 2023 at 3pm. The event is organized by Techsense and will take place at the Hemicycle in Luxembourg. This event will adopt a mock trial format, featuring charges brought by a public prosecutor and a court consisting of three judges emeritus, along with ...