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By Nicolas BANNIER, EY Luxembourg Partner, Wealth Asset Management and Jean-Marc CREMER, EY Luxembourg Partner, Wealth Asset Management
On 28 March 2024, the CSSF published Circular 24/856 (the “new Circular”) which will repeal, from 1 January 2025, CSSF Circular 02/77. Herein lies a detailed overview of the contents of the new Circular, which, inter alia:
- Expands Circular 02/77 application scope
- Includes other types of errors, such as errors regarding the payment of costs/fees and swing pricing
- Consolidates in one single document the guidance given by the CSSF over the past years via channels...
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