Regulatory Alerts2015-12-31
Added · Updated
CSSF Regulation No 15-07 on Risk Management and Conflicts of Interest for Certain Specialised Investment Funds
This regulation establishes detailed rules for risk management and conflicts of interest for specialised investment funds not covered by specific provisions for approved managers. It requires these funds to establish an independent risk management function and implement written policies for identifying, managing, and recording conflicts of interest. The rules mandate that directors adopt and regularly review risk management systems, notify the CSSF of major changes, and inform investors of detrimental conflicts. This regulation cancels and replaces CSSF Regulation N° 12-01.
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