UCITS

  • CSSF White-Label Business Notification: What the New Form Asks

    On 8 October 2026 the CSSF published the form behind a new filing, the CSSF white-label business notification. It applies to a Luxembourg investment fund manager (IFM) that manages, or intends to manage, a fund at the initiative of a third party, and it gives working shape to Article 13(2a) of the Law of 12…

  • Circular CSSF 24/856 Feedback Report: Where Notifications Fell Short

    On 5 October 2026 the CSSF published its first feedback report on Circular CSSF 24/856, the circular that has governed since 1 January 2025 how Luxembourg UCIs and their investment fund managers (IFMs) correct and notify NAV calculation errors, breaches of investment rules and a new class of “other errors”. The report works through the…

  • CSSF Tokenisation FAQ: Control Agents, Fund Registrars and DORA

    On 2 October 2026 the CSSF published version 1 of its FAQ on tokenisation, a nine-page document with six questions about Luxembourg investment funds that issue units or shares on a distributed ledger and about the control agents created by Blockchain Law IV. The CSSF tokenisation FAQ splits its answers evenly: three for fund managers…

  • CSSF LMT Activation Module: Notifying a Redemptions-Only Suspension

    On 18 September 2026 the CSSF told the Luxembourg investment fund industry that, as from 21 September 2026, the activation and deactivation of a suspension of redemptions only must be notified through the eDesk “LMT activation” module. The change reaches Luxembourg-domiciled undertakings for collective investment governed by the Law of 17 December 2010, specialised investment…

  • CSSF Fund Notification Forms: Filing Under Circular 25/894

    On 25 August 2026 the CSSF refreshed the CSSF fund notification forms that Luxembourg investment fund managers use to tell the regulator which non-authorised funds they run. The initial and update templates for UCITS and for AIFs, in both a with-compartments and a without-compartments version, now carry a 25 August 2026 revision date on the…

  • AIFMD II Passport Notifications: New CSSF Templates From 31 July

    From 31 July 2026, a Luxembourg UCITS management company or authorised AIFM that notifies a cross-border management activity has to use a new set of forms. On 30 July 2026 the CSSF published updated notification-letter templates and confirmed that the earlier versions stop being valid the next day. The same cut-off applies to the eDesk…

  • CSSF SFDR FAQ Update: When Template Changes Need Sign-Off

    On 21 July 2026 the CSSF published Version 5 of its FAQ on the Sustainable Finance Disclosure Regulation, and the whole revision sits in one question. Section II, Question 1 now sets out how a Luxembourg fund manager must handle changes to the Article 8 and 9 SFDR RTS precontractual templates that live inside a…

  • ESMA Risk Management Function CSA: The 2026-2027 Supervisory Review

    On 3 July 2026, ESMA told every UCITS management company and alternative investment fund manager in the European Union that their risk management function is next in line for coordinated scrutiny. The announcement launched a Common Supervisory Action, an exercise ESMA will run with national competent authorities throughout 2026 and 2027, with a final report…

  • CSSF Branch Termination Annexes: What AIFMs and UCITS ManCos File

    On 15 July 2026 the CSSF updated the two forms a Luxembourg fund manager reaches for when it closes a branch it had opened in another Member State: the CSSF branch termination annex under Article 33 of Directive 2011/61/EU (AIFMD), and its counterpart under Article 17 of Directive 2009/65/EC (the UCITS Directive). Both moved to…

  • FCA Asset Management Reform: The £128m Rulebook Package

    On 14 July 2026 the Financial Conduct Authority opened three linked consultations that together make up its asset management reform package, a set of proposals the regulator estimates would save UK asset managers around £128m a year. The three papers cover fund reporting, the alternative investment fund manager regime, and the remuneration rules that apply…