Prospectuses for securities: New CSSF Circular 15/632 -
CSSF press release 15/60 introduces the new CSSF Circular 15/632. The purpose of this circular is to detail the technical specifications regarding the submission to...more
CSSF Press Release 15/49 Relating to the New Transparency Requirements for Issuers of Securities and Notifications of Major Holdings -
In press release 15/49, the CSSF provides clarifications in relation to the...more
Latest Fund Statistics for Luxembourg Illustrate Continued Growth -
ALFI has issued the fund statistics as of 30 September 2015. Luxembourg continues to be the number one location for Funds in Europe, with both number of...more
ALFI releases FAQs on RQF II -
Further to the announcement by the People’s Bank of China on 29 April 2015 of a RMB 50 billion Qualified Foreign Institutional Investor (“RQFII”) quota being granted to Luxembourg, the...more
10/15/2015
/ ALFI ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Audits ,
Cooperative Agreements ,
EU ,
FATCA ,
Investment Funds ,
Luxembourg ,
RQFII ,
UCITS
Draft Law Transposing the European Directive on the Automatic Exchange of Information submitted to Parliament -
The draft Luxembourg law to transpose Council Directive 2014/107/EU (of 9 December 2014, which amends...more
CCSF Lifts Suspensions on Trading in Certain Financial Instruments in Relation to Greece -
Following recent developments concerning the situation in Greece, the Commission de Surveillance du Secteur Financier (CSSF) has...more
Luxembourg Holds Presidency of the Council of the EU for 12th Time
One of Luxembourg’s priorities, as it takes on presidency of the Council of the European Union, is to stimulate investment to boost growth and...more
Luxembourg Infrastructure Investment Vehicles - New Brochure -
The Association of the Luxembourg Fund Industry (ALFI) has issued new technical guidelines regarding “Luxembourg Infrastructure Investment Vehicles”,...more
ALFI Responds to ESMA's Discussion Paper on UCITS Share Classes -
On 27 March 2015 ALFI submitted its response to the ESMA Discussion Paper on share classes of UCITS. Issues addressed in this paper relate to the...more
UCITS: New KIID Q&A -
ESMA published revised Q&A’s on the KIID on 26 March 2015. The Q&A includes a new question on the treatment of past performance information in case of fund mergers....more
4/28/2015
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
EMIR ,
EU ,
European Securities and Markets Authority (ESMA) ,
Fund Managers ,
Investment Funds ,
Memorandum of Understanding ,
MiFID II ,
Money Market Funds ,
Shadow Banking ,
Singapore ,
Swaps ,
UCITS
Luxembourg Fund Sector Continues to Grow -
The CSSF press release 15/15 dated 26 March 2015 provides an overview of regulated UCIs at the end of February 2015 and confirms total assets under management of more than EUR...more
The Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF), has recently issued FAQs regarding the immobilisation of bearer shares and units, as well as a press release to remind...more
EMIR: Non-Deliverable FX Forwards and Interest Rate Swap Clearing -
Non-deliverable FX forwards -
ESMA confirms that EMIR clearing requirements will not apply to non-deliverable FX forwards, though reserves its...more
4/2/2015
/ Benchmarks ,
Capital Markets ,
Crowdfunding ,
EMIR ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
FX Forwards ,
Interest Rates ,
Investment Funds ,
MiFID II ,
Swap Clearing
2014 - A Good Year for Luxembourg – ALFI Press Release -
ALFI issued a press release on 3 February 2015 stating that 2014 was a historical year for the Luxembourg fund centre. For the first time in its history, assets...more
EU Passes New Council Directive to Implement “EU-FATCA" -
The Council Directive passed by the EU on 1 December 2014 implements the OECD’s Common Reporting Standard (CRS) in Europe. The Directive has to be implemented...more
3/10/2015
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Benchmarks ,
CCPs ,
EIOPA ,
EMIR ,
ETFs ,
EU ,
European Securities and Markets Authority (ESMA) ,
FATCA ,
Insolvency ,
Investment Funds ,
MiFID II ,
Money Market Funds ,
Regulatory Agenda ,
Sovereign Debt ,
Swap Clearing ,
Swaps ,
UCITS
AIFMD – FCA Publishes Information to Assist Alternative Investment Fund Managers with Annex IV Reporting -
New FCA Q&As on GABRIEL for Annex IV reporting: On 20 January 2015, the FCA published a new Q&As document to...more
CSSF Reminder Regarding Nomination of Depositaries of Bearer Shares -
The Luxembourg regulator for the financial services industry (CSSF) has issued a press release and a FAQ in relation to the immobilization of bearer...more
2/20/2015
ICAV Update - Bill Passed by Lower House of Parliament:
On 28 January 2015, the lower house of the Irish Parliament, the Dail, approved the draft legislation, including various amendments recommended during the Report...more
On 15 January 2015, the German Investment Fund Association BVI issued its latest investment statistics report, giving an overview of the net assets and net sales within the German investment fund and asset management markets....more
According to a change of the German Investment Code (Kapitalanlagegesetzbuch – KAGB), which entered into force on 21 December 2014, a German Investment Management Company’s risk management process has to ensure that the...more
In November 2014, the German Financial Supervisory Authority, BaFin, issued a guidance notice with regard to the minimum investment criteria of German retail closed-ended funds, with a view to avoid so-called blind pool...more
On 4 November 2014, the German Financial Supervisory Authority, BaFin, issued a guidance notice with regard to the requirements that have to be met to extend the term of a German retail closed-ended fund. According to Bafin,...more
On 26 January 2015, the AMF clarified both content and modalities of the reporting obligations by financial investment advisors associations, submitted on an annual basis. ...more
The AMF introduces new technical data requirements in the authorization procedure for the management of new regulated markets or multilateral trading facilities (MTF)....more
On 1 January 2015 article 315-67 of the General Regulation of the AMF, which was enacted on 10 September 2014, entered into force. Under the terms of this investment services providers...more