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In August 2018, the CSSF addressed a questionnaire on the Regulation (EU) n°648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (“EMIR”) to the investment fund managers (“IFM”) under its prudential supervision. The aim of this questionnaire was to collect a self-assessment from the IFM on the existence of adequate EMIR monitoring and oversight procedures to ensure that the IFM, and the funds under their management, comply with EMIR obligations.
Main conclusions drawn from the responses to the questionnaire
The review of the questionnaires revealed that generally, IFM need to improve the supervision and oversight of their EMIR obligations, with a small...
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