CSSF published an English-language version of Circular 18/698 applicable to the authorisation and organisation of investment fund managers incorporated under Luxembourg law. It includes provisions on the delegation of certain functions by the investment fund managers (i.e. UCITS management companies and AIFMs), provisions on the appointment of investment advisers and specific provisions on the fight against money laundering and terrorist financing applicable to investment fund managers and entities carrying out the activity of registrar agent. The new CSSF Circular replaces CSSF Circular 12/546. Make sure to update your framework and processes to comply with Circular 18/698.
May 12th, 2019| Legal news|