WebWith a view to contribute to supervisory convergence at the European level, the CSSF has integrated the EBA’s Guidelines on Outsourcing arrangements (EBA/GL/2024/02) into its administrative practice and regulatory approach via the Circular 22/806. The Circular specifies the requirements that supervised entities must observe when resorting to ... WebOct 29, 2024 · n 2 September 2024, the CSSF issued a Press Release to remind investment firms of the entry into force of a dedicated regulatory framework comprising: The Law of 21 July 2024 amending the Law of 5 April 1993 on the financial sector (”LFS”) which transposes Directive n°2024/2034 on the prudential supervision of investment firms (“IFD”)
Regulatory News Alerts Deloitte Luxembourg Strategy News
WebDec 19, 2024 · On 25 November 2024, the CSSF issued an FAQ on persons involved in AML/CTF for a Luxembourg fund or investment fund manager ("IFM") supervised by the CSSF for AML/CTF purposes.The aim of the FAQ, which is currently composed of two questions, is to share the CSSF's interpretation of Article 4(1) of the Law of 12 … WebDec 20, 2024 · The CSSF 1 issued a press release providing various reminders and clarifications about the actions which need to be taken by 31 December in respect of: Luxembourg undertakings for collective investment (“UCIs”) managed by a UK investment fund manager (“IFM”) The CSSF also clarifies other Brexit-related issues in relation to UCIs: biopharma machine
Circular CSSF 20/744
WebDec 17, 2024 · On 16 December 2024, the CSSF press release 2024/12 was published to inform the fund managers of (i) Luxembourg domiciled undertakings for collective investment in transferable securities (“UCITS”) and (ii) alternative investment funds (“AIFs”) (hereinafter referred to as “IFMs”) of the creation of a CSSF fast track procedure to facilitate the … WebJan 8, 2024 · However, a swift adoption and publication in the Official Journal is likely in light of some soon approaching deadlines. In Luxembourg, the CSSF issued a press release on 14 October 2024 calling for Investment Fund Managers (“IFMs”) to improve their compliance with applicable EMIR obligations highlighted by CSSF Circular 18/698. WebBrexit: CSSF announces opening of notification portal The Luxembourg financial sector supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF), has … dainton and jay brown