WebJan 8, 2024 · CSSF Press release on EMIR IFM questionnaire. Based on responses received to a questionnaire sent to IFMs in August 2024, the CSSF issued a press release calling IFMs to improve their supervision and oversight of EMIR obligations. According to the CSSF, a small portion of IFMs show significant deficiencies: WebApr 11, 2024 · The CSSF clarified that a Luxembourg IFM does not need to be licensed to manage virtual assets in case its AIFs only indirectly invest in virtual assets through one or more target funds. If however an AIF invests more than 20% of its NAV in such target funds, the AIFM needs to be licensed for the “fund of funds” strategy. ...
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WebApr 6, 2024 · For each of the five DORA pillars, the CSSF survey asks whether the IFM has conducted a gap analysis, enquires about the gaps identified and asks whether mitigation plans are already in place or ... WebDec 17, 2024 · Like the SAQ, the SR must be filed by the IFM or UCI with the CSSF within a certain timeframe following the end of the financial year. 4. The management letter. In Circular 21/789 and Circular 21/790, the CSSF further sets out the regulatory framework applicable to the management letter to be prepared by the REA for each audited … imost clermont ferrand
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WebDec 24, 2024 · Luxembourg investment funds managed by a Luxembourg IFM or a foreign IFM are excluded from the scope of the Circular, however the CSSF expects that the réviseur d’entreprises agréé (‘independent auditor’) of such funds will perform AML procedures set out in CSSF Regulation 12-02, as amended. WebJan 17, 2024 · The AML/CFT investment fund market entry form is now required for all new regulated UCIs and for IFMs who submit applications for setting-up authorized or registered investment fund manager (IFM). These forms must be re-submitted for additional sub-funds, information updates, additional license or license extension and when there is a change … WebJan 13, 2024 · Each IFM managing an AIF, regulated or not, investing in virtual assets must obtain prior authorization from the CSSF for the strategy “Other-Other Fund-Virtual Assets”. The IFM needs to provide at least the following information: Description of the project and of the different services providers/delegates involved. listowel bmo