IFMs (AIFMs, ManCos) News

News and Example Templates for CSSF Circulars and EU Regulations for IFMs (AIFMs, ManCos)

Circular CSSF 26/912: Repeal of Circular IML 91/75 related to the revision and remodelling of the rules in Luxembourg on undertakings for collective investment ("UCI")

Circular CSSF 26/912: Repeal of Circular IML 91/75 related to the revision and remodelling of the rules to which Luxembourg undertakings governed by the Law of 30 March 1988 on undertakings for collective investment (“UCI”) are subject. Are you in the scope?

Luxembourg Financial Regulatory Advisory, Tools, Templates: CSSF Circulars: The Circular CSSF 26/912 serves as an official notice from Luxembourg’s financial regulatory authority to formally annul Circular IML 91/75. This action updates the regulatory landscape for undertakings for collective investment (UCIs) by removing outdated

Circular CSSF 26/912: Repeal of Circular IML 91/75 related to the revision and remodelling of the rules to which Luxembourg undertakings governed by the Law of 30 March 1988 on undertakings for collective investment (“UCI”) are subject. Are you in the scope? Read More »

2025 Report on major ICT-related incidents published under Joint-ESA report under Article 22 of DORA - Ratiofy.Lu

2025 Report on major ICT-related incidents published under Joint-ESA report under Article 22 of DORA. Do you know what it says?

Luxembourg Financial Regulatory Advisory, Tools, Templates: This 2025 Joint-ESA Report provides an anonymized and aggregated overview of major information and communication technology (ICT) incidents within the European financial sector. Published in June 2026 under the Digital Operational Resilience Act (DORA), the document analyzes 3,383 significant

2025 Report on major ICT-related incidents published under Joint-ESA report under Article 22 of DORA. Do you know what it says? Read More »

Circular CSSF 26/911: ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation – Update 2025 (ESMA50-481369926-30585) in Luxembourg. Are you aware?

Circular CSSF 26/911: ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation – Update 2025 (ESMA50-481369926-30585) in Luxembourg. Are you aware?

Luxembourg Financial Regulatory Advisory, Tools, Templates: CSSF Circulars: The Circular CSSF 26/911 and the accompanying ESMA Final Report outline the updated 2025 guidelines for conducting stress test scenarios within the Money Market Fund (MMF) sector. These regulatory documents require fund managers to simulate severe financial shocks, including geopolitical instability, heightened asset volatility,

Circular CSSF 26/911: ESMA Guidelines on stress test scenarios under Article 28 of the Money Market Fund Regulation – Update 2025 (ESMA50-481369926-30585) in Luxembourg. Are you aware? Read More »

CSSF Communication: New methods of transmitting management notifications and de-notifications with a European passport for Luxembourg-domiciled IFMs - Ratiofy.Lu

CSSF Communication of 22 April 2026: New methods of transmitting management notifications and de-notifications with a European passport for Luxembourg-domiciled IFMs

Luxembourg Financial Regulatory Advisory, Tools, Templates: The new CSSF communication 22 April 2026: New methods of transmitting management notifications and de-notifications with a European passport for Luxembourg-domiciled IFMs outlines the official procedures for Luxembourg Investment Fund Managers regarding the management of cross-border notifications and de-notifications.

CSSF Communication of 22 April 2026: New methods of transmitting management notifications and de-notifications with a European passport for Luxembourg-domiciled IFMs Read More »

April 2026 CSSF Newsletter No 303: What happened during last month in the Financial Sector in Luxembourg?

April 2026 CSSF Newsletter No 303: What happened during last month in the Financial Sector in Luxembourg?

Luxembourg Financial Regulatory Advisory, Tools, Templates: The April 2026 CSSF Newsletter No 303 from the Commission de Surveillance du Secteur Financier (CSSF) serves as a comprehensive update on the Luxembourg financial scene. It highlights critical security warnings regarding fraudulent websites and provides detailed regulatory circulars concerning crypto-assets and liquidity

April 2026 CSSF Newsletter No 303: What happened during last month in the Financial Sector in Luxembourg? Read More »

Circular CSSF 26/910 ESMA Guidelines on Liquidity Management Tools (LMTs) of UCITS and open-ended AIFs (ESMA34-671404336-1364): What are the new rules and instructions regarding LMTs in Luxembourg?

Circular CSSF 26/910 ESMA Guidelines on Liquidity Management Tools (LMTs) of UCITS and open-ended AIFs (ESMA34-671404336-1364): What are the new rules and instructions regarding LMTs in Luxembourg?

Luxembourg Financial Regulatory Advisory, Tools, Templates: CSSF Circulars: Let’s understand the new rules and instructions regarding Liquidity Management Tools (LMTs). These guidelines were created by the European Securities and Markets Authority (ESMA) and are being applied in Luxembourg by the

Circular CSSF 26/910 ESMA Guidelines on Liquidity Management Tools (LMTs) of UCITS and open-ended AIFs (ESMA34-671404336-1364): What are the new rules and instructions regarding LMTs in Luxembourg? Read More »

CSSF Communication to the investment fund industry regarding the “LMT activation” module in relation to additional liquidity management requirements for Luxembourg-domiciled UCITS, ManCos and AIFMs

CSSF Communication to the investment fund industry regarding the “LMT activation” module in relation to additional liquidity management requirements for Luxembourg-domiciled UCITS, ManCos and AIFMs

Luxembourg Financial Regulatory Advisory, Tools, Templates: On April 10, 2026, the Commission de Surveillance du Secteur Financier (CSSF) announced the launch of the “LMT activation” module within its eDesk portal. This initiative follows the transposition of Directive (EU) 2024/927 into

CSSF Communication to the investment fund industry regarding the “LMT activation” module in relation to additional liquidity management requirements for Luxembourg-domiciled UCITS, ManCos and AIFMs Read More »

The CSSF’s 2026 priorities for supervising the investment fund sector according to the communication published on 31 March 2026

The CSSF’s 2026 priorities for supervising the investment fund sector in Luxembourg according to  the communication published on 31 March 2026

Luxembourg Financial Regulatory Advisory, Tools, Templates: Briefing Document: CSSF’s 2026 priorities for supervising for the Investment Fund Sector Executive Summary The Commission de Surveillance du Secteur Financier (CSSF) has established its supervisory priorities for 2026, centering on the dual mission

The CSSF’s 2026 priorities for supervising the investment fund sector in Luxembourg according to  the communication published on 31 March 2026 Read More »

Circular CSSF 25/901 relating to specialised investment funds, investment companies in risk capital and undertakings for collective investment subject to Part II of the Law of 17 December 2010

What can We Understand from Circular CSSF 25/901 Relating to Specialised Investment Funds, Investment Companies in Risk Capital and Undertakings for Collective Investment

Luxembourg Financial Regulatory Advisory, Tools, Templates: CSSF Circulars: Circular CSSF 25/901 modernises and consolidates the regulatory framework for Luxembourg’s specialised investment funds (SIFs), investment companies in risk capital (SICARs), and Part II UCIs. By repealing and replacing several older circulars,

What can We Understand from Circular CSSF 25/901 Relating to Specialised Investment Funds, Investment Companies in Risk Capital and Undertakings for Collective Investment Read More »

Circular CSSF 25/900 Amends Circular CSSF 22/811 on Authorisation and organisation of entities acting as UCI administrators

Circular CSSF 25/900 Amends Circular CSSF 22/811 on Authorisation and organisation of entities acting as UCI administrators: 5 Critical Takeaways

Luxembourg Financial Regulatory Advisory, Tools, Templates: CSSF Circulars: Circular CSSF 25/900 amends Circular CSSF 22/811, which governs the authorization and organization of Undertaking for Collective Investment (UCI) administrators. A primary change introduced by this circular is the immediate repeal of

Circular CSSF 25/900 Amends Circular CSSF 22/811 on Authorisation and organisation of entities acting as UCI administrators: 5 Critical Takeaways Read More »