Luxembourg UCITS: Requirements on Substance and Internal Control
Issued on 24 October 2012, CSSF Circular 12/546 looks at the authorisation and organisation of Luxembourg UCITS management companies and self-managed investment companies, setting down “inter alia” requirements applicable to their governing bodies.
It clarifies the substance requirements applicable and lays out clear rules on internal control functions and delegation, including administration.
Our briefing outlines the impact of the CSSF Circular. Download it here. (PDF format; Adobe Acrobat Reader required.)
How can DCG help?
DCG is an experienced provider of Third Party Management Company and Independent Risk Management services to a range of investment funds.
Through our Third Party Management Company we can offer you bespoke solutions that will cover the additional requirements set by the Circular.
Our experienced management and staff have several years expertise in governance, risk management and oversight, combining knowledge of the regulatory framework with specific sector knowledge in a wide range of strategies.
Daniela Klasén-Martin, Managing Director
+352 26 215 420
Ludivine Nicolaï, Risk Manager
+352 26 215 426