WebCIRCULAR CSSF 21/785 . 3/11 . TABLE OF CONTENTS . I. Amendment of Circular CSSF 12/552, as amended 4 II. Amendment of Circular CSSF 17/656 5 III. Amendment of Circular CSSF 20/758 6 IV. Amendment of Circular CSSF 17/654, as amended 7 V. Transitional measures and entry into force 10 WebDec 8, 2024 · “materiality” under CSSF Circular (1-month free redemption) and the AIFMD passporting (1-month prior notice to the home state regulator, if planned) are very ... The FAQ paper provides some helpful and practical clarifications to the application of the SFDR for Luxembourg based fund managers, but raises some further questions. ...
Regulatory News Alert - CSSF Circular 19/714 updating …
WebThe assessment on materiality remains the institution’s responsibility but the CSSF can challenge this assessment. For this purpose, the CSSF published an FAQ on the materiality where it describes the technical point of view and business point of view to be considered. The FAQ also provides seven examples of outsourced activities with varying WebSep 24, 2024 · Luxembourg: UCITS: Treatment Of Breaches Of UCITS Global Exposure Limit. On 17 August 2024, the CSSF updated its FAQ on the UCI Law in order to add four new questions in a new Section 11 entitled "Treatment of breaches of the UCITS global exposure limit". The new questions bring about certain clarifications in relation to passive … hi hard radio
Money Market Funds (MMFs) – CSSF
Webnecessary for sound and prudent risk management shall be deemed to be "material“ (CSSF FAQ). Assessment of (non) materiality should be formalised. 4 Critical or important function means any function that is considered critical or important as set out in points 18 to 20 of CSSF Circular 22/806. WebIn accordance with Chapter 3 of the Law of 16 July 2024 implementing the Regulations on EuVECA, EuSEF, MMF, ELTIF and STS securitisation and Circulars CSSF 20/734, CSSF 20/735 and CSSF 20/736, CSSF-supervised managers of money market funds must report financial information to the CSSF on a quarterly or yearly basis. WebAn Alternative Investment Fund Manager (AIFM) is any legal person whose regular business is managing one or more alternative investment funds (AIFs). AIFMs are governed by the Law of 12 July 2013 on alternative investment fund managers. The CSSF’s prudential supervision aims to verify that AIFMs subject to its supervision continuously observe ... hi happy wednesday