UKRAINE CRISIS – CSSF FAQ on the application of LMTs by UCITS On 31 March 2022, the CSSF provided guidance with respect to the challenges faced by investment funds holding Russian and Belarussian assets that have become illiquid as a consequence of the Ukraine crisis as well as due to the restrictive measures taken by
Regulatory update: CSSF guidance on virtual assets On 29 November 2021, the CSSF provided guidance to the industry with respect to virtual assets, by publishing a Communiqué (the “Statement”) and frequently asked questions for undertakings for collective investments (FAQ – Virtual assets (UCIs) (the “FAQ”).[1] Key takeaway points of the Statement The CSSF identifies three
Sustainable Finance update (asset management): CSSF announces fast track procedure for Taxonomy Regulation compliance by 1 January 2022 The CSSF announced in its communication (available here) published on 2 December 2021 that it has put in place a fast track procedure to facilitate compliance with the taxonomy-related disclosure requirements of articles 5, 6 and
Updated CSSF FAQs on UCI Law and MMF Regulation: Change of regulatory practice concerning the holding of ancillary liquid assets by UCITS On 3 November 2021, the CSSF has announced in its Press Release 21/26 that it has published updated versions of (i) its FAQs on the Luxembourg law of 17 December 2010 relating
General Members News On 15 June 2021, the CSSF has informed the publication of the adaptation of its FAQ on the statuses of PFS with respect to the PFS status relating to the granting of loans to the public (Article 28-4 of the Law of 5 April 1993 on the financial sector (LFS)). The CSSF indicates in its
General Members News IQ-EQ Fund Management (Luxembourg) S.A. is pleased to announce that it has been granted the alternative investment fund manager (AIFM) infrastructure sub-license by the Luxembourg regulator, Commission de Surveillance du Secteur Financier (CSSF). IQ-EQ Fund Management (Luxembourg) S.A., which forms part of the leading global investor services group IQ-EQ, was established in 2015 as a