CSSF publishes circular on the authorisation and organisation of Luxembourg management companies subject to chapter 15 of the law of 2010 on UCIs and investment companies which have not designated a management company.

We would like to inform you that the Commission de Surveillance du Secteur Financier (the “CSSF”) has released on 26 October 2012 a new circular CSSF 12/546 (the "Circular") on the authorisation and organisation of Luxembourg management companies subject to Chapter 15 of the law of 17 December 2010 on undertakings for collective investment (“UCIs”) and investment companies which have not designated a management company (i.e. self-managed investment companies or sociétés d’investissement autogérées, also known as “SIAG”). The scope of application of this Circular extends to branches and representative offices which have been established abroad.

This new Circular replaces the CSSF circulars 03/108 and 05/185 applicable to Luxembourg management companies and SIAG and incorporates the recent Circular 11/508.

As indicated below, the Circular implements various changes impacting the CSSF’s regulatory practice and also provides for additional clarifications on a range of topics.

To read the full nesflash, please click on the link below.

YOU MIGHT ALSO WANT TO DISCOVER

18/04/2019
MiFID 2 third country access: the Luxembourg temporary regime now clarified by the CSSF

On 12 April 2019, the CSSF released its Circular letter 19/716 on the provision in Luxembourg of investment services or performance of investment activities and ancillary services in accordance with Article 32-1 of the law of 5 April 1993 on the financial sector, as amended (the...

Read More_
Financial reporting requirements for funds
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