Your research,
our knowledge

ESMA has published two new Q&As under the alternative investment fund managers directive (“ AIFMD”). These updates address safekeeping of client money and delegation of portfolio or risk management to non-supervised undertakings outside the EU, providing clearer regulatory guidance for AIFMs. AIFMs

New rules redefine reporting for MMFs and non-MMF investment funds Following the ECB Regulation 2024/1988, the CSSF Circular 24/866, issued in collaboration with the Banque Centrale du Luxembourg (“ BCL”), is here to develop how Money Market Funds (“ MMFs”) and non-MMF investment funds report their

Navigating WAL, WAM, and liquidity thresholds under MMFR Recent updates to the FAQ on Money Market Funds Regulation (“ MMFR”) (the “ FAQ”) bring clarity to compliance with Weighted Average Life (“ WAL”), Weighted Average Maturity (“ WAM”), and liquidity thresholds. Scope of Circular CSSF 24/856: WAL

New FAQ on AML/CFT asset due diligence obligations provides practical guidance on CSSF Regulation No 12-02 On 13 December 2024, the CSSF published their first version of FAQ on AML/CFT asset due diligence . The FAQ was published in the context of Article 34 (2) of CSSF Regulation 12-02 which imposes

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

New clarifications on capital requirements and notification processes for alternative investment fund managers (“ AIFMs”) provided by ESMA. Initial capital and own funds ESMA has released a new question and answer (“ Q&A”) on the alternative investment fund managers directive (“ AIFMD”). One key