Arendt & Medernach is delighted to inform you that, further to discussions with the Luxembourg Commission de Surveillance du Secteur Financier (the “CSSF”) on behalf of a number of our clients, we have received the confirmation that the China Interbank Bond Market (the “CIBM”) may be regarded as a regulated market eligible for UCITS investments, subject to conditions. This means that, in addition to the China A-Shares and listed onshore RMB fixed income securities which were already eligible, UCITS having appointed a manager benefitting from QFII or R-QFII licenses and quotas issued by the Chinese authorities, may now also have a direct access to onshore RMB fixed income securities dealt on the CIBM to build or complement their portfolio. Conditions relate to the relevant experience of the QFII / RQFII manager in relation to securities dealt on the CIBM, the suitability of the risk management process, guarantees regarding the overall liquidity of the portfolio and the inclusion of additional disclosures and risk descriptions in the prospectus. Please refer to our note dated April 2014, in which we anticipated this development, for a more detailed description of the possibilities to implement PRC strategies in Luxembourg funds.

Contacts

Claude Kremer

Partner

Investment Management

Stéphane Karolczuk

Partner

Investment Management

YOU MIGHT ALSO WANT TO DISCOVER

14/12/2018
Launch of Japan's Asset Management One Alternative Investments (AMOAI) - First Luxembourg global infrastructure debt fund

Expanding their offering in global infrastructure investments, AMOAI (formerly known as Mizuho GAI) and its partners have recently announced the joint development of an investment scheme targeted at infrastructure debt.

Read More_
enhance
your
experience
unfortunately, you can not personnalize your browsing on this page

Would you like to configure your browsing experience at arendt.com?

Let us know your profile and favourite topics

You are

Banking and Financial Services

Fund Industry

Private Sector

Private Wealth

Public Sector