On 3 January, 2017, the Commission de Surveillance du
Secteur Financier (CSSF) introduced under Circular 02/77 a
mandatory template to be used by undertakings for collective
investment subject to the Law of 17 December, 2010 (UCIs and UCITS)
and to specialized investment funds governed by the Law of 13
February, 2007 (SIFs) to transmit any notifications to the
The CSSF's press release dated 3 January, 2017 (in French only) states that any notifications
to be submitted to the CSSF in the event of an error in the
calculation of the Net Asset Value or the non-compliance with
investment restrictions (Circular 02/77 in English and French) must be transmitted by using a
specific template as established for this purpose. The template can
be downloaded on the CSSF's website (in English only) and contains additional
explanations in English. More clarifications by the CSSF are
available in an additional file (in French only).
The new reporting requirement is immediately applicable but the
CSSF will continue to accept notifications under other formats
until 1 March, 2017. After this date, the use of the new template
will be mandatory.
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The event will be attended by hundreds of students and representatives from top Italian and international law firms, who will have the opportunity to meet and discuss. For many students this will be the very first approach with the legal professional world, and for us it will be a great occasion to meet the young talents of the future.
Dentons is sponsoring the conference titled “Non-performing loans market, between demand and offer” organized by SDA Bocconi School of Management, one of the most prestigious business schools in the world.
The conference will be dedicated to present the results of an innovative and extensive research on the non-performing loans market, by making a clear distinction between demand and offer. The research tackles problems and opportunities perceived by the operators dealing with the NPL market.
The seminar will take place on 31 March 2017. It aims to provide German companies with an overview of the latest developments in relation to insurance coverage, banking transactions and legal aspects of doing business with Iran.
Over the last 40 years, the Cayman Islands has matured into one of the world's most sophisticated and successful international financial centres, providing a competitive, effective, transparent, cost-efficient and tax-neutral platform for international capital flows underpinned by an environment of legal, political and economic stability.
UCITS are permitted to invest up to 100% of their assets in other open-ended collective investment schemes ("CIS") where those CIS are:
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