Regulatory Alerts2005-09-20
Grand-ducal Regulation of 20 September 2005 on Criteria for Authorising Non-EU Professionals as Asset Managers of SEPCAVs and ASSEPs
The Grand Duchy of Luxembourg issued this regulation to establish specific criteria for the authorization of non-EU professionals acting as asset managers for pension savings companies with variable capital (SEPCAV) and pension savings associations (ASSEP). The document defines the required standards of competence, good repute, and financial soundness that these professionals must meet to operate within the occupational retirement provision sector. By setting these regulatory benchmarks, the Grand-ducal regulation ensures that non-EU asset managers adhere to strict qualification and integrity requirements when managing institutional retirement funds.
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