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By Dr. Sebastiaan Niels HOOGHIEMSTRA(1)
On the 10th of June 2021, the Commission de Surveillance du Secteur Financier (“CSSF”) updated its FAQs on the Law of 12 July 2013 on Alternative Investment Fund Managers, as amended (the “AIFM Law”) and the Law of 17 December 2010 relating to undertakings for collective investment, as amended (the “UCI Law”). In these FAQs, the CSSF clarified the application of Directive 2014/65/EU, as amended (“MiFID II”) to Luxembourg alternative investment managers and UCITS management companies (together “IFMs”). This contribution analyzes the impact of the new CSSF clarification on the application of MiFID II on IFMs.
Background
On the 10th of June 2021, the CSSF updated its UCI...
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