Luxembourg newsflash: CSSF publishes fourth updated version of its FAQs on law on AIFMs

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Luxembourg newsflash: the CSSF publishes a fourth updated version of its FAQs on the law on alternative investment fund managers - .PDF file.

On 10 January 2014, the Commission de Surveillance du Secteur Financier (CSSF) published a fourth update of its frequently asked questions (FAQs) on the law of 12 July 2013 on alternative investment fund managers (AIFML) as well as the Commission Delegated Regulation n° 231/2013 of 19 December 2012.

As a reminder, these FAQs highlight key aspects of the AIFML from a Luxembourg legal perspective. Two new topics have been added since July 2013 that relate to marketing issues and reporting aspects.

Regarding marketing issues, the FAQs clarify, among others, the provisions applicable to Luxembourg authorised AIFMs intending to market EU AIFs in the EU to professional investors, the different scenarios available for AIFMs established in Luxembourg and marketing EU AIFs in the EU under the Alternative Invest,emt Fund Managers Directive (AIFMD) marketing passport, the content of the notification file as regards marketing of non-Luxembourg EU AIFs to professional investors in Luxembourg and in another EU member state…

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