LexGo

The portal for Brexit notifications is live!
02/08/2019

As from today, UK managers, firms and investment funds wishing to pursue their activities in Luxembourg, in the event a no-deal Brexit occurs on 31 October 2019, are invited to notify the Luxembourg regulator (CSSF) in line with its previous press releases 19/33 and 19/34 published in July.

Following the submission, the CSSF will notably check whether such managers, firms and investment funds have duly passported their services to Luxembourg in the past and that the information provided in the form is coherent and sufficiently detailed. If the assessment is successful the firm may benefit from a 12-month transitional period as described in the law of 8 April 2019 on Brexit.

UK firms, Managers and Investment funds have until 15 September 2019 to submit their notifications via the CSSF eDesk portal.

CMS Luxembourg Investment Funds and Regulatory teams are at your disposal to answer any questions you may have on this process.

Related : CMS Luxembourg ( Mr. Vivian Walry ,  Mr. AurĂ©lien Hollard )

[+ http://www.cms-db.com]

Mr. Vivian Walry Mr. Vivian Walry
Partner
vivian.walry@cms-dblux.com
Mr. Aurélien Hollard Mr. Aurélien Hollard
Partner
Aurelien.Hollard@cms-dblux.com

Click here to see the ad(s)
All articles European Law

Lastest articles European Law

Luxembourg Brexit Laws: 15 September 2019 final deadline for UK based managers to notify the CSSF
22/08/2019

On 8 April 2019, Luxembourg adopted two laws ("Brexit Laws") on measures to be taken in relation to the financia...

Read more

Disclosure of cross-border arrangements by intermediaries: DAC 6 implementation in Luxembourg
16/08/2019

On 8 August 2019, the Luxembourg government filed Bill of law No 7465 (''DAC 6 Bill'') implementing the pr...

Read more

Luxembourg implementation of the EU Directive setting new transparency rules for intermediaries
13/08/2019

On 8 August 2019, a draft law implementing the Council Directive (EU) 2018/822 of 25 May 2018 as regards mandatory automat...

Read more

New European Regulation on the Control of Foreign Investments
08/08/2019

In order to help Europe defend its strategic interests and preserve European security and public order, Regulation 20...

Read more

Lastest articles by Mr. Vivian Walry

RBO's deadline is coming: is your investment fund compliant?
22/07/2019

More than the end of summer holidays, 31 August will mark this year the end of the six-month transitional period provided ...

Read more

Brexit: Mandatory notifications to the Luxembourg regulator for firms, UCIs and their managers es...
16/07/2019

In the event of a so-called “Hard Brexit”, these firms and entities will be considered as “third-country...

Read more

A special securitisation framework in the EU
22/11/2017

The EU aims to equip its domestic economy with a broad and sustainable financial base by means of the Investment Plan for ...

Read more

ESMA's opinion on UCITS share classes
14/03/2017

ESMA issued an opinion on 30 January 2017 which sets out four high-level principles for achieving a level playing field am...

Read more

Lastest articles by Mr. Aurélien Hollard

RBO's deadline is coming: is your investment fund compliant?
22/07/2019

More than the end of summer holidays, 31 August will mark this year the end of the six-month transitional period provided ...

Read more

Brexit: Mandatory notifications to the Luxembourg regulator for firms, UCIs and their managers es...
16/07/2019

In the event of a so-called “Hard Brexit”, these firms and entities will be considered as “third-country...

Read more

LexGO Network