The CSSF introduces AML/CFT investment market entry forms (funds and IFMs)

News

The CSSF introduces AML/CFT investment market entry forms (funds and IFMs)

27 November 2019

Regulatory News Alert

On 7 November 2019, the Commission de Surveillance du Secteur Financier (CSSF) issued a press release announcing the set-up of two new market entry forms aimed at collecting standardized key information relating to money laundering and terrorist financing risks and the relevant mitigation measures in place from professionals supervised by the CSSF.

One form is available for the set-up of a UCITS, UCI Part II, SIF, SICAR, ELTIF, EUSEF, EUVECA or MMF (investment funds). This form will also be used when requesting approval of an additional sub-fund to provide sub-fund related information and to update any information previously submitted.

The other form is addressed to investment fund managers (IFMs) and it will be used for the submission of an application for the set-up of an authorized or registered IFM, for requesting approval of an additional license, a license extension, or a change in the shareholder structure of the IFM.

However, the two market entry forms are not exclusively conceived to gather AML/CFT-related information from CSSF-supervised professionals. In fact, they will also serve to address information regarding:
 

 INVESTMENT FUNDS

 IFMs

 Initiator

 Shareholder(s) and BO(s)

 Governance

 Governance

 Portfolio manager 

 Portfolio manager

 Investment advisor

 Investment advisor

 Investments

 Business model

 Investors’ delivery channels

 AML/CFT procedures

 

How can Deloitte help?

In this rapidly evolving regulatory landscape, Deloitte can help you stay ahead of the game with our Kaleidoscope Regulatory Watch services, which monitors and analyzes upcoming changes.

Deloitte’s AML/CTF advisory specialists and dedicated services will also help you design and implement your renewed business strategy in light of the future evolution of the AML/CFT framework.

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Contacts

Eric Collard
Partner – Forensic & AML,
Restructuring
Tel : +352 45145 4985
ecollard@deloitte.lu

Pascal Eber
Partner – Operations Excellence &
Human Capital
Tel : +352 45145 2649
peber@deloitte.lu

Bastien Collette
Director – Advisory & Consulting (AML/CTF)
Tel : +352 45145 3372
bacollette@deloitte.lu

Alice Lehnert
Director – Advisory & Consulting
Tel : +352 45145 2605
alehnert@deloitte.lu

 

Regulatory Watch Kaleidoscope service

Simon Ramos
Partner – IM Advisory & Consulting
Leader
Regulatory Watch services co-Leader
Tel : +352 45145 2702
siramos@deloitte.lu

Benoit Sauvage
Director – Regulatory Watch services coordinator
Tel : +352 45145 4220
bsauvage@deloitte.lu

Marijana Vuksic
Manager – Strategy, Regulatory & Corporate Finance
Tel : +352 45145 2311
mvuksic@deloitte.lu

 
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