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Understanding Investing 简体中文网页 Members section


Over the year, ALFI participates in numerous consultations issued by European Institutions and industry associations.

Updated on 12/02/13  
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ALFI comments on the ESMA Discussion Paper

- ALFI statements

ALFI welcomes the ESMA discussion paper – Draft Technical Standards for the Regulation on OTC Derivatives, CCPs and Trade Repositories as very positive and fully supports the initiatives aimed at enhancing safety and transparency in the over-the-counter derivatives market.

Regarding these Draft Technical Standards, the ALFI EMIR and OTC Derivatives working Group has analyzed the document and has some more specific comments. The Group decided not to answer to all the questions raised in this document however, only to a selection of questions that are developed in the ALFI position paper and that appear to be more relevant for the fund’s industry.

Position Paper on the CSSF Regulation N° 10-4: Treatment of subscription and redemption orders under UCITS IV

- ALFI statements

The main objectives of this ALFI Position Paper is to outline ALFI’s recommendations by way of providing Best Market Practice Guidelines on the treatment of subscription and redemption orders. This document contains the ALFI UCITS IV Operations Working Group’s (serving under the ALFI TA & Distribution Forum) assessment of the current market practice across a representation of Luxembourg fund industry participants from the perspective of global cross-border fund servicing of Luxembourg-domiciled funds.

Q&A CSSF Circular 11/512

- ALFI statements

In relation to risk management, a number of laws and regulations have been issued at a European and Luxembourg level. ALFI’s Risk Management technical Committee is currently analysing, amongst others, the CSSF Circular 11/512 dated 30 May. By clicking here, you will access the ALFI Q&A document. The document contains the working group's answers to questions about the implementation and the application of the CSSF Circular 11/512. ALFI's members are welcome to submit questions to the working group, which will review them and consider whether to include them in a future copy of this document. Please send your questions to

Displaying page 11 on 16 pages