Regulatory notices

The Grand-Ducal Decree amending the CSSF supervisory fee was published in the Memorial A on 23 December 2022.

The Finance Law of 23 December 2022 published in the Memorial contains an amendment of the UCI Law of 17 December 2010 as amended as regards the application provisions of the reduced subscription tax rates.

The FCA amended this month its Collective Investment Schemes sourcebook, impacting the Recognised schemes Section 272.

Last month, the Securities and Futures Commission in Hong Kong updated several FAQs on Unit Trusts and Mutual Funds impacting foreign funds authorised for marketing in this country.

We have reviewed these documents and highlighted the changes below:

With the end of the exemption period to provide a PRIIPs KID, the BaFin adapts its instruction on the marketing of foreign AIFs to retail and semi-professional investors in Germany.

Yesterday, the Central Bank of Ireland published 2 new updates of its Q&As on UCITS and AIFMD. All new questions relate to PRIIPs.

On 21 December 2022, the Joint Committee of the ESAs published the last version of its PRIIPs Q&A as announced in the previous update of November.

On 18 December 2022, the French official gazette “Journal Officiel de la République Française” published the approval of six accounting regulations of the “Autorités des Normes Comptables”, among those two relates to UCIs.

In the context of the application of the new PRIIPs Regulation as of 1st of January 2023 and the end of the exemption period to use the PRIIPs KID, the CSSF published Friday an updated version of its FAQ on AIFMD.