Chevalier & Sciales

Categories:Benelux,Funds

CSSF announces transitional measures for Luxembourg managers and funds under AIFM Directive

Luxembourg’s financial regulator, the Financial Sector Supervisory Authority (CSSF), has published a series of Frequently Asked Questions (FAQs) regarding the draft legislation that will implement the European Union’s Alternative Investment Fund Managers Directive (AIFMD) into national law and the European Commission’s implementing regulation.

The CSSF has decided to publish the FAQs to provide managers with greater clarity on the impact of the directive, and especially provisions regarding the transitional period of a year up to 22 July 2014, even though Luxembourg’s Chamber of Deputies has not yet voted the draft legislation into law.

The CSSF says the FAQs will be regularly updated and that it may, if need be, change its approach to some of the issues they deal with. This emphasises that the document is purely designed to provide guidance and does not offer managers legal certainty, especially before the draft bill is enacted into law…

If you are registered and logged in to the site, click on the link below to read the rest of the Chevalier & Sciales briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Overview

51, Route de Thionville
Luxembourg
L-2611
Luxembourg