|
By Cédric LEROY, Director Regulatory Compliance Kirtana BHOOJEDHUR, Senior Regulatory Compliance, HACA Partners
January 1991 was the date when was last drafted the Circular detailing the framework around the administration of Undertakings for Collective Investments (hereafter “UCIs”). Ever since, there have undoubtedly been changes in legislations, technology and in the market, hence, explaining CSSF’s decision to review the current rules.
For those not very familiar with the terms UCI or even administration, UCIs would be defined as investment funds while their administration would broadly encompass three categories of services, including (1) the registrar function involving the update and maintenance of...
|