Investment Risk Management
Risk Management | Investment Compliance Support Services
SAMI – Software Assistant Management Information
A multi-user application to facilitate the centralisation and administration of key Management Information in regulated companies such as Investment Fund Managers (IFMs).
Encouraging insurers to invest for the long term
The EU Parliament adopted legislative amendments to the EU’s prudential regime for insurance and reinsurance undertakings, also known as Solvency II, that may incentivise (re)insurers to invest more in long-term capital, including in ELTIFs and AIFs with a lower risk profile.
ESG – Environmental, Social, and Governance
The “greening” of the financial sector is well underway. With new and upcoming regulations, financial market participants face growing pressure to understand and implement increasingly complex legal obligations.
ESAs’ Q&A on Sustainability-Related Disclosures
On 17 November 2022, the ESAs (ESMA, EIOPA, and EBA) published Questions and Answers (“Q&A”) on the SFDR Delegated Regulation (Commission Delegated Regulation (EU) 2022/1288 (“RTS”)).
ELTIF – European Long-Term Investment Fund
learn more about the ELTIF regime for alternative investment funds
Unlocking the potential of the ELTIF
To realise the full potential of the ELTIF regime, the EU Commission is proposing enhancements to the ELTIF legal framework to make it more attractive to investors. These targeted amendments would strengthen the ELTIF’s role as a complementary source of finance to the real economy.
Real Estate investment in Luxembourg
Luxembourg’s real estate market is evolving, shaped by increased investment, regulatory change and the influence of key industry players. At Arendt, we’re here to guide you through this complex maze with clarity and confidence.
ELTIF 2.0 – a promising redesign with state-of-the-art features
The EU co-legislators have published the text of a provisional agreement on the review of the Regulation on European long-term investment funds (ELTIFs). This agreement has the potential to access an untapped retail market and strengthen the ELTIF’s role as a complementary source of financing for the real economy.
Favourable CJEU clarification on the VAT exemption for fund management services
On 17 June 2021, the Court of Justice of the European Union (CJEU) rendered its judgment in joined cases K (C-58/20) and DBKAG (C-59/20) dealing with the question of which conditions must exist in order for services rendered by a third-party supplier to the management company of an investment fund to qualify for the VAT exemption for fund management services.
AIFMD review – Fine-tuning of the AIFMD framework and targeted harmonisation with the UCITS framework
In light of the growing role of alternative investment funds (AIFs) as financial intermediaries and further developments in the market since the AIFMD came into force in 2011, the EU Commission has published a proposal for targeted amendments to the AIFMD that acknowledges the directive’s role as a significant pillar of the Capital Markets Union (CMU). While fine-tuning the AIFMD framework, the EU Commission is simultaneously proposing a degree of harmonisation with the UCITS framework.
Updated CRS FAQ by the Luxembourg tax administration
Reporting deadline for RAIFs or AIFs that cannot benefit from the Exempt CIV status: 30 June 2022
The new CSSF FAQ – Sustainable Finance Disclosure Regulation
On 2 December 2022, the CSSF issued an FAQ in relation to the Sustainable Finance Disclosure Regulation (EU) 2019/2088 (SFDR) (“FAQ”). In its FAQ the CSSF (i) defines which financial market participants (“FMPs”) and financial products are targeted while (ii) providing at the same time further clarifications on aspects of the SFDR.
AML/CFT – Anti-Money Laundering and Countering the Financing of Terrorism
Money laundering and terrorism financing are threats that require constant vigilance. Pressure and regulatory scrutiny are intensifying at both national and international level, with professionals increasingly facing complex global AML/CFT rules, including those stemming from targeted financial sanctions. This has led to a significant rise in supervisory action and regulatory expectations, creating an almost zero-tolerance environment.
Performance fees: the CSSF digitalises data collection
Investment fund managers must report to the CSSF on the performance fee models used by all Luxembourg UCITS and AIFs that they manage. For this purpose, the CSSF has launched a special eDesk module for performance fees.
ESG services
ESG investing: more than a goal… a journey! Environment, social and governance (ESG) is an internationally established term to express whether and how ecological, social and governmental aspects are taken into account when it comes to the decision on choosing business partners, investment opportunities, refinancing sources, etc.
ESG in the insurance sector – Integrating sustainability into the Solvency II and IDD frameworks
Two major delegated acts will come into force that integrate sustainability risks and factors into insurance undertakings’ risk management, rules of conduct and product governance obligations.
A new Governance for Arendt
Arendt appoints a new governance as of 1 April 2023 for a three-year term.