WebJul 23, 2024 · The CSSF, Luxembourg’s supervisory authority for the financial sector, has announced that Luxembourg-domiciled UCITS may no longer invest in loans. This decision has extended a new administrative practice to the public that the CSSF had been implementing in recent months with respect to investment in loans by UCITS. The CSSF … WebCSSF releases its Outsourcing Circular ... (IFMs), undertakings for collective investment in transferable securities (UCITS), central counter parties (CCPs), approved publication arrangements, market operators operating a trading ... the outsourcing register, and notification of the regulator for critical or important contemplated ICT
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WebJan 13, 2024 · On 20 December 2024, Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (the "CSSF"), published CSSF circular 19 / 732 1 (the “Circular”) regarding clarifications on the identification and verification of the identity of ultimate beneficial owners (“UBO”). The Circular aims to provide guidance to all … WebJan 13, 2024 · On 20 December 2024, Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (the "CSSF"), published CSSF circular 19 / 732 1 (the … smallest city in new zealand
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WebApr 6, 2024 · The CSSF will continue to monitor Investment Fund Managers’ (IFMs) compliance with the sustainability-related provisions as set forth under SFDR, the SFDR RTS and Regulation (EU) 2024/852 (the Taxonomy regulation). In so doing, the CSSF will take due consideration of the principles and guidance laid down in the ESMA … WebDec 20, 2024 · In principle, a maximum of 10% of the UCITS’ NAV should be invested in SPACs provided such SPAC investments fulfil all applicable eligibility requirements, are appropriately disclosed in UCITS prospectuses and are captured adequately by the risk management process of the UCITS. On a case by case basis, the CSSF can derogate … WebDec 17, 2010 · On 05 January 2024, the Luxembourg securities regulator, the Commission de Surveillance du Secteur Financier, (CSSF) announced an important change of policy, restricting the ability of Luxembourg UCITS to invest in non-UCITS exchange traded funds (ETFs) and requiring UCITS to disinvest from existing positions as soon as possible. smallest city in north dakota