Table of contents

AML - AML/CFT Law - RBO Law

Banking & Finance - Financial Sector

Corporate - Commercial Companies - Shareholders’ Rights - Social Impact Companies - Companies Register and Accounting - Corporate Meetings

Fund Formation - Investment fund managers and regulated products - Non-regulated products - Limited Partnerships

AML

AML/CFT Law

• Law of 12 November 2004 on the fight against money laundering and terrorist financing
(EN version || FR version)

RBO Law

• Law of 13 January 2019 on the register of beneficial owners
(EN version || FR version)

• Grand-Ducal Regulation of 15 February 2019 on the register of beneficial owners
(EN version || FR version)

• LBR Circular 19/01 on the register of beneficial owners
(EN version || FR version)

Banking & Finance

Financial Sector

• Law of 5 April 1993 on the financial sector
(EN version || FR version)
Version as published by the Luxembourg supervisory authority of the financial sector, the Commission de Surveillance du Secteur Financier (CSSF)

• CSSF Regulation 20-02 on the equivalence of certain third countries with respect to supervision and authorisation rules for the purpose of providing investment services or performing investment activities and ancillary services by third-country firms
(EN version || FR version)

• CSSF Circular 20/743 amending CSSF Circular 19/716 on the provision in Luxembourg of investment services or performance of investment activities and ancillary services
(EN version || FR version)

Corporate

Commercial Companies

• Law of 10 August 1915 on commercial companies
(FR version)

• Luxembourg Limited Partnerships, extract from the law on commercial companies
(EN version)

Shareholders’ Rights

• Law of 24 May 2011 on the exercise of certain rights of shareholders in listed companies
(EN version || FR version)

Social Impact Companies

• Law of 12 December 2016 on the societal impact company
(FR version)

Companies Register and Accounting

• Law of 19 December 2002 on the register of commerce and companies and the accounting and annual accounts of companies
(FR version)

Fund Formation

Investment fund managers and regulated products

• Law of 12 July 2013 on alternative investment fund managers
(EN version || FR version || DE version)

• Law of 17 December 2010 on undertakings for collective investments
(EN version || FR version || DE version)

• Law of 13 February 2007 on specialised investment funds
(EN version || FR version || DE version)

• Law of 15 June 2004 relating to the investment company in risk capital
(EN version || FR version || DE version)

• Grand-Ducal Regulation of 21 December 2017 on the fees to be levied by the CSSF
(EN version || FR version)
Version as published by the Luxembourg supervisory authority of the financial sector, the Commission de Surveillance du Secteur Financier (CSSF)

• CSSF Circular 18/698 regarding substance
(bilingual FR - EN)

• CSSF Circular 18/697 applicable to depositaries of funds which are not UCITS
(EN version || FR version)

• CSSF Circular 16/644 applicable to depositaries of UCITS
(EN version || FR version || DE version)

• CSSF Circular 17/671 on out-of-court complaint resolutions
(EN version || FR version)
Version as published by the Luxembourg supervisory authority of the financial sector, the Commission de Surveillance du Secteur Financier (CSSF)

• ELTIF Regulation
(EN version)
Arendt consolidated version of the ELTIF Regulation as of 20 March 2023

• AIF compilation of Luxembourg investment fund law
(EN version || FR version || DE version)
The compilation contains a selection of investment fund laws applicable to alternative investment funds (AIFs) and other investment vehicles which are not UCITS and which may qualify as AIFs established under Luxembourg law; among other:
- CSSF Regulation 15-03 on the marketing of foreign law AIFs to retail investors in Luxembourg
- CSSF Circular 15/633 on the financial information to be forwarded to the CSSF
- CSSF Circular 15/612 on the information to be submitted to the CSSF in relation to unregulated AIFs
- CSSF Circular 07/309 on the risk-spreading in the context of SIFs
- CSSF Circular 06/241 on the concept of risk capital as used in the SICAR Law
- CSSF Circular 02/77 on the protection of investors in case of NAV calculation error and correction of the consequences resulting from non-compliance with the investment rules.

• UCITS compilation of Luxembourg investment fund law
(EN version || FR version || DE version)
The compilation contains a selection of investment fund laws applicable to UCITS established under Luxembourg law, among other:
- CSSF Regulation 10-5 on fund mergers, master-feeder structures and notification
- CSSF Regulation 10-4 on organisational requirements
- CSSF Circular 15/633 on the financial information to be forwarded to the CSSF
- CSSF Circular 11/512 on the presentation of the main regulatory changes in risk management
- CSSF Circular 11/509 on the notification procedures to be followed by a UCITS
- CSSF Circular 08/380 concerning eligible assets for investments by UCITS.
- CSSF Circular 02/77 on the protection of investors in case of NAV calculation error and correction of the consequences resulting from non-compliance with the investment rules.

• CSSF FAQ concerning the Law of 12 July 2013 on AIFMs
(EN version)
Version as published by the Luxembourg supervisory authority of the financial sector, the Commission de Surveillance du Secteur Financier (CSSF)

• CSSF FAQ on the Law of 17 December 2010 concerning undertakings for collective investment
(EN version)
Version as published by the Luxembourg supervisory authority of the financial sector, the Commission de Surveillance du Secteur Financier (CSSF)

• CSSF FAQ on CSSF Circular 02/77 on the protection of investors in case of NAV calculation error and correction of the consequences resulting from non-compliance with investment rules
(EN version)
Version as published by the Luxembourg supervisory authority of the financial sector, the Commission de Surveillance du Secteur Financier (CSSF)

• CSSF FAQ on Sustainable Finance Disclosure Regulation (SFDR)
(EN version)
Version as published by the Luxembourg supervisory authority of the financial sector, the Commission de Surveillance du Secteur Financier (CSSF)

Non-regulated products

• Law of 23 July 2016 on reserved alternative investment funds, as amended
(EN version || FR version || DE version)

• Circular 17/2016 of the Chamber of Luxembourg Notaries relating to formalities with regard to the formation of a RAIF
(EN version || FR version)
Version as published by the Chamber of Luxembourg Notaries

• RCSL Circular 16/02 relating to RAIFs
(EN version || FR version)
Version as published by the Luxembourg Business Register (RCS)

Limited Partnerships

• Luxembourg Limited Partnerships, extract from the law on commercial companies
(EN version)