CSSF extends the deadline for notifications in the context of Brexit

Following the extension of the delay within which the United Kingdom (“UK”) is to leave the European Union (“EU”), the Commission de Surveillance du Secteur Financier (the “CSSF”) has published a press release on 6 November 2019 relating to mandatory notifications in the context of Brexit (press release 19/54). Pursuant to such press release, the CSSF has indicated that the delay within which UK firms may notably carry out a notification in order to benefit from the 12 months transitional period has been extended to 15 January 2020.

Therefore, UK investment firms, undertakings for collective investment and/or their managers wishing to continue providing their services in Luxembourg in a hard Brexit scenario should carry out such notification at their earliest convenience and in any case prior to 15 January 2020. A dedicated eDesk portal is available on the CSSF’s website to that effect at the following link: https://edesk.apps.cssf.lu/edesk-dashboard/dashboard/getstarted?lng=en