Regulatory Alerts2015-12-02
CSSF Regulation No 15-03 on Marketing Foreign Alternative Investment Funds to Retail Investors in Luxembourg
The Commission de Surveillance du Secteur Financier issued Regulation No 15-03 to establish detailed rules for applying Article 46 of the Law of 12 July 2013 on alternative investment fund managers. This regulation governs the specific conditions and procedures under which foreign alternative investment funds may be marketed to retail investors within Luxembourg. It serves as the primary regulatory framework ensuring compliance with national laws regarding the distribution of non-Luxembourg AIFs to private clients.
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