Regulatory Alerts2018-08-23
Circular CSSF 18/698: Authorization and Organization of Luxembourg Investment Fund Managers and AML/CFT Provisions for Fund Managers and Registrar Agents
The Luxembourg financial regulator CSSF issued Circular 18/698 to mandate comprehensive authorization and organizational standards for domestic investment fund managers. The directive imposes targeted anti-money laundering and counter-terrorist financing controls on fund managers and registrar agents, while formally repealing and updating previous circulars governing risk management, dispute resolution, and FATF jurisdictional compliance. These requirements strengthen corporate governance, enhance regulatory oversight, and ensure consistent application of financial crime prevention measures across the Luxembourg fund industry.
Published on 23 August 2018
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CSSF circular
Authorisation and organisation of investment fund managers incorporated under Luxembourg law; Specific provisions on the fight against money laundering and terrorist financing applicable to investment fund managers and entities carrying out the activity of registrar agent
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