Our publications
BSP’s lawyers regularly share their knowledge through regular legal updates, newsletters and professional publications.
Latest Newsletters & Newsflashes
Oct 22, 2024AML/CFT I FAQ on the SRRC on compliance with AML/CFT obligations in accordance with Circular CSSF 24/854
Circular CSSF 24/854 Circular CSSF 24/854 was published on 29 February 2024. The purpose of the circular was to provide guidance on the Summary report dedicated to AML/CFT (" SRRC") to be prepared by the ‘ ’responsable du contrôle’ ’ (" RC") and submitted to the CSSF by the ‘’ responsable du respect
Oct 22, 2024ELTIF 2.0 I The EU Commission adopts Level 2 measures
On 19 July 2024, the European Commission adopted a new Delegated Regulation implementing certain level two measures (the “ Level 2 RTS”) required pursuant to Regulation 2015/760 on European Long Term Investment Funds as amended by Regulation 2023/606 (the “ ELTIF 2.0 Regulation”). By enhancing
Oct 14, 2024Key compliance reminders from CSSF I Circular CSSF 22/811 for UCI administrators
The CSSF issues a reminder to UCI Administrators on contract obligations and new annual reporting requirements under Circular CSSF 22/811. Contractual compliance: essential elements and disclosures The CSSF's recent 3 September communiqué underlines the importance of compliance with the contractual
Oct 10, 2024AIF I Clarification by the CSSF on controls for Luxembourg depositaries of AIFs investing in illiquid assets
The CSSF issued on 24 July 2024 a clarification regarding the controls Luxembourg depositaries must implement when handling AIFs investing in illiquid assets. The CSSF has observed inconsistencies in how depositaries approach their safekeeping duties, particularly in ownership verification and
Oct 09, 2024CBDF I Collection of new marketing information for UCITS and AIFs
On 11 September 2024 the CSSF updated its “ Guidelines on cross-border marketing notification and de-notification procedures ” (“ Guidelines”) in order to meet its obligations in relation to the reporting of cross-border marketing of AIFs and UCITS. This update is in accordance with Article 13 of
Oct 09, 2024CBDF I Update to CSSF FAQ on notification procedures
On 14 July 2024 the CSSF updated its FAQ on notification procedures related to Regulation (EU) 2019/1156 on facilitating cross-border distribution of collective investment undertakings (the “ CBDF Regulation”). This update highlights significant changes affecting notifications submitted to the CSSF
Latest Brochures
Feb 12, 2024ELTIF in a nutshell
The ELTIF was created by Regulation (EU) 2015/760 on European Long-term Investment Funds of 19 May 2015 (and effective from 9 December 2015) (the “ ELTIF 1 Regulation”). The European Long-Term Investment Fund (“ ELTIF”) is a type of collective investment framework allowing investors to invest money
Jul 28, 2022RAIF | Reserved Alternative Investment Funds
This leaflet presents a focus on the Reserved Alternative Investment Fund (RAIF), a new and flexible alternative investment vehicle approved by the Law of 23 July 2016, which entered into force on 31 August 2016 (the RAIF Law). The RAIF Law creates a new type of unregulated fund which has many of
Jul 27, 2022Investment Management Brochure
Our new Investment Management practice brochure includes our expertise in this market and all the specificities of investment vehicles in Luxembourg. Our team has a strong and well-established expertise in all areas of investment funds law. At a time of increasing and changing regulation, we ensure
Latest Articles & Books
Feb 12, 2024Chambers | Investment Funds 2024 Guide
The Investment Funds 2024 guide covers 20 jurisdictions. The guide provides the latest information on alternative investment funds and retail funds, including fund formation, restrictions on investors, the regulatory environment, operational requirements and the tax regime. Law and Practice 1
Jan 16, 2024Thomson Reuters Practical Law | Regulation of state and supplementary pension schemes in Luxembourg
A Q&A guide to pensions law in Luxembourg. The Q&A gives a high-level overview of the regulation of national government pensions and supplementary pensions. On national government pensions, it covers employer/employee contributions; national government pension age and monthly amount; and the public
Jul 05, 2023Decision Makers - Luxembourg 2023
Now in its 15th edition, Decision Makers play a key role in helping to promote Luxembourg as the heart of the funds industry in Europe: Evelyn Maher (BSP): Navigating life’s contrasts Evelyn Maher, Head of Investment Management at the Luxembourg legal partnership Bonn Steichen & Partners, has
Apr 21, 2023IR Global | Luxembourg: the jurisdiction of choice for your fund vehicle
Luxembourg is the second largest fund centre in the world after the United States and offers a vast range of investment vehicles. In this article, we set out the advantages associated with choosing Luxembourg as the jurisdiction for your fund vehicle, and provide a brief introduction to the various
Feb 14, 2023Chambers | Investment Funds 2023 Guide
The Investment Funds 2023 guide covers 15 jurisdictions. The guide provides the latest information on alternative investment funds and retail funds, including fund formation, restrictions on investors, the regulatory environment, operational requirements and the tax regime. Law and Practice 1
Feb 01, 2023Thomson Reuters Practical Law | Quick Compare Chart: Establishing a Fund Manager
Thomson Reuters has published have published a multi-jurisdictional Quick Compare Chart, Establishing a fund manager. This chart compares the approach of different jurisdictions towards the authorisation of fund managers. Among other things, it considers the key legislation governing the
Latest Videos
Sep 27, 2023Women in Law Series: Evelyn Maher
Sep 21, 2023Towards the modernisation of the Luxembourg fund industry
Jun 23, 2023Happy Luxembourg National Day
Sep 01, 2022Investment Funds Industry in Luxembourg
