Our publications
BSP’s lawyers regularly share their knowledge through regular legal updates, newsletters and professional publications.
Latest Newsletters & Newsflashes
Apr 16, 2024New AML/CTF summary report template for collective investment sector - CSSF circular 24/854, FAQ and technical guide
On 29 February 2024, the CSSF published a new Circular 24/854 setting out guidelines for the submission of the SRRC (as defined below) by investment fund managers and investment funds supervised by the CSSF (the “ Circular”). The Circular is supported with a FAQ (list of questions and answers) on
Apr 16, 20242024 CSSF FAQ virtual assets UCI updates: A door opens for well-informed investors
Embracing change in the virtual asset space The Commission de Surveillance du Secteur Financier (“ CSSF”) has recently revised its frequently asked questions (“ FAQ”) on virtual assets for undertakings for collective investment (“ UCI”) , marking another significant regulatory adjustment following a
Apr 16, 2024EMIR REFIT | Update of reporting obligations
In 2012, the European EMIR regulation came into force to improve the transparency of over-the-counter (OTC) and exchange-traded (ETD) derivatives markets and reduce credit and operational risks. Twelve years later, a regime update reinforcing the requirements applicable to derivatives processing is
Apr 16, 2024Interaction between the UCI Departments and the Investment Fund Managers – recipients of specific communications
In a press release dated January 31, 2024, the Commission de Surveillance du Secteur Financier (the “ CSSF”) announced changes to the method of exchanging information between UCI departments and investment fund managers in accordance with CSSF circular 19/721 - Dematerialisation of requests to the
Apr 16, 2024New communication means for AIFM reporting as of 31 January 2024
In a press release dated 31 January 2024, the Commission de Surveillance du Secteur Financier (the "CSSF") announced that a new channel is available for alternative investment fund managers to submit their AIFM reports via Application Programming Interface (“API”) the eDesk platform. Key changes
Apr 16, 2024EU UCITS deemed “equivalent” for UK’s overseas investment funds regime
The UK Government confirmed that investment funds regulated under Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (“
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