Cross-border distribution of investment funds – New CSSF FAQ

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On 20 September 2022, the CSSF published a new FAQ: CBDF - Guidance on marketing communications.

The FAQ contains a series of Q&As on key aspects of the application of Article 4 of Regulation (EU) 2019/1156 on facilitating cross-border distribution of collective investment undertakings (the “CBDF Regulation”) and the ESMA guidelines on marketing communications (“MCs”) (the “ESMA Guidelines”). The FAQ is intended to bring further clarity on the supervisory expectations of the CSSF. The FAQ is to be read in conjunction with the ESMA Guidelines as well as the Q&A to be published by ESMA with respect to MCs.

The CSSF provides inter alia the following main clarifications:

In addition, the FAQ sets out the relevant requirements for informing and reporting to the CSSF; in particular:

Should you require more detailed information and assistance on the above topic and its implications, please liaise with your usual contact within Arendt.

Access the CSSF FAQ here_

Download the press release

Luxembourg Newsflash – Cross-border distribution of investment funds – New CSSF FAQ

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