Regulatory Alerts2018-05-30
Grand-ducal Regulation of 30 May 2018 on the protection of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits
The Grand Duchy of Luxembourg issued this regulation to establish comprehensive rules for safeguarding client financial instruments and funds held by investment firms. It mandates strict product governance obligations to ensure that financial products are designed and distributed in the best interests of end clients. Furthermore, the text defines the regulatory framework governing the provision and reception of fees, commissions, and non-monetary benefits to prevent conflicts of interest and enhance market transparency.
Published on 30 May 2018
Updated on 22 November 2022
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Grand-ducal regulation
on the protection of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits
PDF (163.55Kb)
PDF (176.57Kb)