On 3 January 2017, the Commission de Surveillance du Secteur
Financier (CSSF) published a press release introducing a form
file for the transmission of notifications in the framework of Circular CSSF 02/77 on NAV
calculation errors and non-compliance with the investment
The form file applies to Undertakings for Collective Investment
(UCI) subject to the Law of 17 December 2010 (both UCITS and
so-called "Part II" funds) and Specialised Investment
Funds (SIF) subject to the Law of 13 February 2007. The form file
is in Excel format and aims to collect all necessary information to
the CSSF in case of NAV calculation errors and non-compliance with
the investment rules.
The form file will need to be transmitted electronically to the
following address: email@example.com. The new
procedure of notification applies from now on. However,
notifications sent to the CSSF in another format rather than Excel
format will be accepted until 1 March 2017. The use of the new form
file will become mandatory after the aforementioned date.
The form file is available to download on the website of the
CSSF at the following web link.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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Here in Luxembourg, LPEA are holding an event which will offer new initiatives by bringing General Partners (GPs) and Limited Partners (LPs) together to examine and speak on the industry from the “360” perspective, leaving no stone unturned. We are a sponsor of the event, as well as having a speaker present. David Capocci, Partner and Head of Alternative Investments will be offering his own insight on the industry nowadays.
The conference will centre on the new tax normal, full transparency, and specifically the role of private bankers in this new age. Originally perceived as a threat to existing business models, full tax transparency may actually hold new opportunities for private bankers.
ICT Spring is a global technology conference that welcomes various international professionals from the technology space. It is a two-day yearly event which is held in Luxembourg City, “at the heart of Europe, and offers the participants a unique opportunity to deepen their digital knowledge, capture the value of the fast-growing FinTech industry, and explore the impact of space technologies on terrestrial businesses, through exhibitions and demonstrations of the latest tech trends and innovations.”
In February 2017 the Cyprus Ministry of Finance issued the latest statistics showing positive signs of growth, with the 4th quarter of 2016 recording positive growth of 2.9% (in seasonally adjusted terms)...
The Guide has been prepared for the assistance of those interested in doing business in Malta.
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