4th September 2018 Silke Bernard  -  Hermann Beythan  -  Nicolas Gauzès  -  Olivier Van Ermengem  -  Josiane Schroeder  -  Emmanuel Avice  -  Elodie Michaud  -  Claire Prospert Financial Regulation

Luxembourg CSSF publishes circular on requirements for investment fund managers to show ‘substance’ – unofficial English translation

On 24 August 2018 the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) published Circular 18/698 on the requirements for investment fund managers to show ‘substance’ when operating in Luxembourg (read our Client Alert).
Since its publication, we have been working to provide you with an unofficial English translation of CSSF Circular 18/698.

We would like to highlight several provisions from the Circular which you should particularly focus on:
 
  • Bodies of the Luxembourg investment fund managers (Part II, Chapter 4)
  • Organisation of the fight against money laundering and terrorist financing (Part, II Sub-Chapter 5.4)
  • Specific organisational arrangements (Part II, Chapter 6)

Read the unofficial English translation of CSSF Circular 18/698

If you have any questions, please get in touch with your usual Linklaters contact.