Why Luxembourg ManCos are growing

Every cloud has a silver lining. Regulation is bittersweet, but it’s undeniably necessary. We know good will is the ideal; it still cannot win the battle against the human tendency to break the rules. Brexit was a bucket of cold water that made us rethink what the Europe we all …

What Mancos need to know about the CSSF Circular 18/698

Some weeks ago, the Commission de Surveillance du Secteur Financier (CSSF) issued the circular 18/698 (replacing circular 12/546) defining the conditions to obtain and maintain the authorisation for Investment Fund Managers (IFM) under Luxembourg law. Presented in one single extensive document, the circular clarifies authorisation terms linked to shareholder structure, own fund requirements, IFMs …