Maintaining an open and transparent line of communication with you has always been important to us, even more so in uncertain times like those we currently live in. Therefore, I would like to take up a few minutes of your time to update you on...
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Luxembourg 13 May: Launch of the IFM notification on fund issues and large redemptions via eDesk. Read here 13 May: CSSF FAQ update. Read here 01 April: CSSF Q&A. Read here 26 March: CSSF Complaint handling procedure. Read here 25 March: CSSF Long form reports. Read here 25 March: Luxembourg government...
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In these unprecedented times, our thoughts are with all those affected by the COVID-19 outbreak and with a strong sense of duty, we would like to share with you our approach to addressing this unexpected event. Over the last weeks, we’ve been closely monitoring events as...
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In February of this year, DLA Piper released their annual data breach survey covering January 2019-January 2020 indicating a surge in data breach reports across the European Economic Area. The report found that companies in the EEA reported 160,921 data breaches to their supervisory authorities...
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On 15 July 2019 the CSSF issued two press releases, 19/33 (directed specifically at UK Firms) and 19/34 (directed at UCIs and their managers) in the context of Brexit. These follow on from an original press release (19/18) issued on 12 April 2019. All three...
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On 11 April 2019 the European Union announced that it had agreed to grant the United Kingdom a six-month extension to the Article 50 process. This is a flexible extension whereby if the UK ratifies the existing agreement it may leave before the new deadline...
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Regulatory scrutiny, investor trends, Brexit and other geopolitical factors have created a particular landscape in the asset management industry, requiring all key players to respond with actions and well thought plans. In this context, management companies have had to step up their game, enhance their...
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On 1 August 2018, the Luxembourg Government passed its national legislation to complement the General Data Protection Regulation (EU) 2016/679 ("GDPR"), and repealing the nearly 16 year old data protection regime established by the 2 August 2002 law in its entirety. As GDPR is directly...
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As UK-based asset managers prepare for a hard BREXIT, there is limited time left to consider options and importantly, do so within a timeframe that will ensure legal agreements and operating models have been completed ahead of obtaining the relevant regulatory approvals. The current UK/EU negotiating...
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From 1 July 2018, CP86 obligations have come into full effect for boards of directors of investment companies, UCITS management companies, alternative investment fund managers (AIFMs) and AIF management companies incorporated and authorised in Ireland. These rules introduce comprehensive changes and impose key requirements in...
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