Events listed in Undertakings for Collective Investment in Transferable Securities Directive (UCITSD)
FAQ CSSF – Questions/Réponses relatives à la loi du 17 décembre 2010 ...
ID 26585
The CSSF FAQ – LAW OF 17 DECEMBER 2010 and contains information related to the Luxembourg Law of 17 December 2010 on undertakings for collective investment (UCI Law). It includes updates and modifications made to the FAQ over time, with this version 17 published on 28 December 2023. The document covers various topics such as the eligibility of investments in the 10% limit of ...
Arrêté royal concernant les exigences prudentielles applicables aux OPCC et aux ...
ID 26564
On 27 December 2023, Royal Decree of 12 December 2023 approving the FSMA Regulation of 15 November 2023 on prudential requirements for management companies of collective investment undertakings meeting the conditions of Directive 2009/65/EC and alternative investment fund managers, and the FSMA Regulation of 15 November 2023 on periodic information concerning prudential requirements for management companies of collective investment undertakings meeting the conditions of ...
Industry Letter – 2022 ESMA Common Supervisory Action on Asset Valuation
ID 26269
The Central Bank of Ireland conducted a review of Asset Valuation as part of the ESMA’s CSA in 2022. The purpose of the review was to assess whether Irish Fund Management Companies comply with the UCITS and AIFM Directives/Regulations with respect to asset valuation, adhere to valuation principles and methodologies, and evaluate the effectiveness of their policies and procedures during the COVID-19 pandemic. The ...
FAQ CSSF – Questions/Réponses relatives à la loi du 17 décembre 2010 ...
ID 26020
The CSSF FAQ – LAW OF 17 DECEMBER 2010 and contains information related to the Luxembourg Law of 17 December 2010 on undertakings for collective investment (UCI Law). It includes updates and modifications made to the FAQ over time, with this version 16 published 30 November 2023. The document covers various topics such as the eligibility of investments in the 10% limit of Article ...
Central Bank publishes 40th Edition of the UCITS Q&A
ID 25957
The 40th version of the UCITS Q&A was published, offering comprehensive guidance on Central Bank UCITS Regulations in Ireland, covering establishment, management, and compliance. Key points of the Q&A document include legal notification, depositary obligations, and disclosure specifics like rebate arrangements. It defines directed brokerage and outlines UCITS management company requirements, emphasizing board documentation and evaluations. Transitional arrangements ...
Central Bank publishes updated Minimum Capital Requirements Reporting Template for ...
ID 25940
The Central Bank has released two updated Minimum Capital Requirements Reporting Templates for AIFMs and UCITS Management Companies. The revised MCR incorporates changes to Article 17(6) of the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 and Regulation 10(5) of the European Union (Alternative Investment Fund Managers) Regulations 2013. These amendments ensure that **own funds of a UCITS Management Company or ...
New Communication with FAQs about UCITS
ID 25488
The document FSMA_2023_25 provides a new set of FAQs aimed at assisting UCITS and their management companies in implementing relevant legal provisions. This includes the Law of 3 August 2012 on collective investment entities fulfilling conditions of Directive 2009/65/EC and investment undertakings in receivables, along with its implementing provisions. The scope of these Q&A encompasses both Belgian and foreign UCITS. Belgian public AIFs with ...
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, ...
Outsourcing handbook
ID 25364
The Outsourcing handbook (FSMA_2023_24) provides practical guidance on outsourcing for SGPCIs and SGs of any function. It emphasizes that while outsourcing can bring expertise and cost efficiencies, it does not diminish the responsibility of the firm’s management to adhere to sound governance principles. The FSMA oversees the adequacy of the organization to ensure compliance with applicable laws, including outsourced activities. The guidelines stress the ...
Réponse de l’AFG à la consultation IOSCO sur les outils de gestion de la liquidité
ID 24853
The AFG has provided its feedback to the IOSCO consultation report on Anti-dilution Liquidity Management Tools. IOSCO’s consultation report addresses Anti-dilution Liquidity Management Tools (LMTs) for Collective Investment Schemes, emphasizing their importance in managing liquidity risk. It proposes guidance for responsible entities, including tools like swing pricing and anti-dilution levies. Feedback from market participants was sought until 4 September 2023. AFG res ...