Regulatory Alerts2010-12-20
Added · Updated
CSSF Regulation No 10-04 transposing Commission Directive 2010/43/EU on organisational requirements and depositary agreements
CSSF Regulation No 10-04 establishes implementing measures for the Law of 17 December 2010 regarding undertakings for collective investment in transferable securities (UCITS), applying to management companies with registered offices in Luxembourg and their depositaries. The regulation mandates specific organisational structures, internal control mechanisms, and procedures for conflict of interest management, risk assessment, and conduct of business. It requires management companies to maintain permanent compliance and internal audit functions, ensure adequate resources and business continuity policies, and integrate sustainability risks into their management activities.
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