New regulation gives clarity to Luxembourg AIFs

5 Dec 2018 | Events   Videos  

Like other parts of the investment industry, alternatives managers are subject to changing regulations. In Luxembourg, a recent change to regulation has been widely welcomed by alternatives managers since it clarifies their delegation and oversight obligations. Circular 18/698 – better known as the “substance rule” – moves UCITS and AIF rules into line, which is helpful for investment firms which manage both types of vehicles. Marco Zwick, director of the CSSF, the Luxembourg regulator, said: “This helps alternative managers to align governance amid all the different products and licences they have.”