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UCITS IV and Risk Management in Luxembourg - new circular from CSSF (11/508)

This is a non-official translation from the French original.

Luxembourg, 15 April 2011

To all Luxembourg management companies subject to Chapter 15 of the Law of 17 December 2010 relating to undertakings for collective investment and to SIAGs within the meaning of Article 27 of the Law of 17 December 2010 regarding undertakings for collective investment.

The purpose of this circular is to clarify the main adjustments that each management company currently subject to Chapter 13 of the Law of 20 December 2002 regarding undertakings for collective investment shall comply with in order to comply by 1 July 2011 with Chapter 15 of the Law of 17 December 2010 relating to undertakings for collective investment and CSSF Regulation 10-4 transposing Commission Directive 2010/43/EC of 1 July 2010.

In this context the CSSF requests each management company to submit until 1 June 2011 at the latest an update of its application for authorisation completed with the new requirements under the 2010 Law and the Regulation 10-4.

UCITS IV: asymptotix

 

LUXEMBOURG INTRODUCTIONS TO UCITS4

ucits risk philosophy

UCITS IV :2: asymptotix

 

THIS PAGE IS A MASHUP

MASHUP

 

 

ECB warns Brussels on hedge fund rules

Europe’s controversial plans to regulate hedge and private equity funds were dealt a fresh blow on Thursday when the European Central Bank warned the proposals would put the industry at a significant competitive disadvantage.

The opposition voiced by the Frankfurt-based ECB, which feared a go-it-alone approach in Europe would backfire, is likely to be seized upon by the alternative investment fund sector – and influence the extensive re-writing of the proposals that is already under way.

 

 

 

 

 

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