Regulatory notices

On the last day of November, the CSSF published a new version of its FAQ on the Law of December 17, 2010 (“UCI Law”).

Two questions of the first section have been modified to clarify the feeder eligible UCITS ancillary liquid asset type.

The Commission de Surveillance du Secteur Financier communicated on the further launch of the annual AML/CFT survey.

The 2023 survey to start on February 19, 2024, remains mostly unchanged compared to the previous year.

The CSSF updates its AIFM reporting – Technical Guidance for the 4th time this month in connection with the activation of the revision 6 of the ESMA Technical Guidance.

On November 15, 2023, the Commission de Surveillance du Secteur Financier published a press realise in connection with the forthcoming repealing of the Circular 11/509 announced in May 2022 related to the communication of the UCITS marketing (de)notification procedures.

Following the implementation in November 2023 of the revised IT technical guidance introduced in ESMA’s AIFMD Reporting Technical Guidance – revision 6, the CSSF has updated the corresponding document AIFM Reporting – Technical available on its website.

This document describes the different feedback files that the senders of AIFM reporting receive and the CSSF’s checks on the reporting files. The Regulator points out that certain fields become mandatory.

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.