Most Read Contributor in Luxembourg, February 2017
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: firstname.lastname@example.org. 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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As the banking industry continues to be shaped by technological and regulatory forces, we’ve gathered our European Central Bank (ECB) experts to hold a conference about this changing landscape. KPMG’s ECB desk from Frankfurt will join our Luxembourg banking partners to unpack the latest news from the ECB, including regulations that will affect the future of banking.
We would be very pleased if you could attend this event, which will be held at our Luxembourg headquarters in Kirchberg on 30 March. The talk will begin at 5:00pm and last until 6:00pm, at which point the evening will be turned over to a networking session with drinks.
Please let us know if you are able to attend by using the registration button above (by 27 March, if possible).
We look forward to seeing you there!
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.
Building on the momentum of 2016 where 10 UCITS funds had been launched, we are pleased to advise of a positive start to 2017 with an additional three UCITS launches with the following solutions provided:.
Cyprus offers many key benefits to foreign investors and their dependent family members who are looking for a jurisdiction that offers a gateway to Europe, high quality standards of living and working infrastructure and services.
Preparations are well under way, spearheaded by Ian Borg, the country's parliamentary secretary for the EU presidency in 2017 and EU funds.
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