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Luxembourg regulator CSSF clarifies substance requirements with regard to UCITS management companies and self-managed investment companies. In an interview with LFF, Thierry Blondeau (picture), Partner at PwC Luxembourg speaks about the key elements of this circular affecting the investment fund industry.
What are the requirements for conducting officers in terms of reputation, experience and availability?
You will always need to have a good reputation. The regulator will also look at the expertise that you have and the kind of funds you want to act for. For UCITS IV (Undertakings for Collective Investment in Transferable Securities) the scope of investment is relatively large, so it is to make sure that you have the proper knowledge and expertise....
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