Regulatory notices

On November 9, the Central Bank of Luxembourg published on its website the Calendar of remittance dates for the statistical reporting of investments funds 2024.

On Monday, November 20, 2023, the Danish financial markets regulator has informed its stakeholders that the UCITS marketing regulatory fees have been reviewed following an amendment of the Financial Business Act.

On November 1st, 2023, the Central Bank of Ireland launched a consultation on the introduction of a new chapter in the AIF Rulebook to support the establishment of ELTIFs in Ireland.

This proposed chapter will provide for the specific operational and disclosure requirements that will be applied to ELTIFs as a condition of authorisation.

Hong Kong works on an enhancement of the fund distribution as part of the plan the government’s initiatives to foster co-development of fintech and the real economy in Hong Kong.

On November 2nd, 2023, the Securities and Futures Commission communicated on the integrated fund platform which will be developed and operated by the Hong Kong Exchanges and Clearing Limited (HKEX). This B-to-B platform, at least t at the beginning, will cover the front-to-back distribution life cycle and value chain for distribution of SFC-authorised funds in Hong Kong.

A couple of days ago, the Commission de Surveillance du Secteur Financier published the version 4 of its Guidelines on the U1.1 Reporting.

This document gives further guidance on Circular CSSF 15/627 and contains definitions, explanations and examples in relation to the items referred to in the Appendix of Circular CSSF 15/627.

On November 1st, 2023, the Central Bank published the 48 Edition of its AIFMD Q&A document.

This updated version provides for clarifications on the circumstances in which the Central Bank may exempt, pursuant to Section 15(1) of the Investment Limited Partnerships Act 1994, an investment limited partnership from the provisions of European Union (Qualifying Partnerships: Accounting and Auditing) Regulations 2019 (S.I. 597 of 2019) (Q&A 1156).

A week ago, the European Commission published two Commission Notices aiming to answer questions on the implementation of the EU Taxonomy regulations.

The replies to FAQs are merely intended to assist non-financial undertakings in the implementation of the relevant legal provisions.

The CSSF made available updated forms on its website. These forms are used to notify the Commission on the identity of the person responsible for compliance or for the respect of the control of the professional obligations as regards the fight against money laundering and terrorist within funds or fund management companies.

The commitment letters, annex to the market entry forms for funds and IFMs have been also updated.

The main changes relate to the modality of submission of these forms.

On 16 of October 2023, the Commission de Surveillance du Secteur Financer in Luxembourg updated its document on the fees and charges for carrying out its duties in relation to the cross-border activities of AIFMs, EuSEF managers, EuVECA managers and UCITS management companies as per CBDF regulation.