26 March 2020

Impact of COVID-19 on Luxembourg investment funds: regulatory measures

On 21 March 2020, the Luxembourg Government declared a state of emergency (état de crise) for a period of up to three months based on article 32 (4) of the Luxembourg Constitution, enabling it and the CSSF to enact some temporary measures to facilitate the continuance of business of Luxembourg investment funds, management companies and alternative investment fund manager.

The GSK Update covers the following:

  • Regulatory reporting
  • Immediate review of current organizational setups
  • Swing pricing mechanism
  • Meetings of shareholders and management bodies
  • Extended deadline for the submission of the survey related to the fight against money laundering and terrorist financing
  • Minimum IT security conditions
  • Reporting of net short position holders of position of 0.1% and above 
  • Operational aspects of the CSSF

Print


Press contact
Beate Dünschede
+352 271802-29
beate.duenschede@gsk-lux.com

Back

GSK Updates
  • 17.08.2022

    GSK Update: CAA Circular 22/15: What is new for the governance of insurance and reinsurance companies

    Read more
  • 10.02.2022

    GSK Update: Update of the Luxembourg Securitisation Law: Increased Flexibility and Legal Certainty

    Read more
  • 27.01.2022

    GSK Update: CSSF Guidance on Virtual Assets: New FAQ for UCI and credit institutions

    Read more
Contact person

Corinna Schumacher, LL.M.

Senior Associate

+352 271802-81

corinna.schumacher@gsk-lux.com

© GSK Stockmann 2022