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 …