On 24 August 2018 the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) published Circular 18/698 on the requirements for investment fund managers to show ‘substance’ when operating in Luxembourg (read our Client Alert).
Since its publication, we have been working to provide you with an unofficial English translation of CSSF Circular 18/698.
We would like to highlight several provisions from the Circular which you should particularly focus on:
- Bodies of the Luxembourg investment fund managers (Part II, Chapter 4)
- Organisation of the fight against money laundering and terrorist financing (Part, II Sub-Chapter 5.4)
- Specific organisational arrangements (Part II, Chapter 6)
Read the unofficial English translation of CSSF Circular 18/698