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The Luxembourg Financial Connection - Ernst & Young - Luxembourg

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The Luxembourg Financial Connection

Issue 17

The Luxembourg Financial Connection is Ernst & Young’s newsletter on regulatory, leading practice and market developments in the financial services industry from a Luxembourg perspective.

The articles in the 17th issue cover:

  • Some of the major issues facing the investment fund industry, how they are being tackled, and the long road ahead
  • The “super AIFM”: A cost-efficient solution to implementing the Alternative Investment Fund Managers (AIFM) Directive, irrespective of alternative investment group’s legacy operating model
  • Reporting to competent authorities by alternative asset managers under the AIFM Directive and Dodd-Frank
  • The role of the conducting officer of a management company or an AIFM
  • How tax risk has become a significant risk for investment funds and how to tackle it
  • Art funds and life settlement investment vehicles – the opportunities, the challenges and how Luxembourg stands out as an outstanding domicile
  • Basel III: Get the edge by going beyond the compliance process – understand the strategic choices and take the opportunity to make them
  • The US Foreign Account Tax Compliance Act (FATCA): A foreign financial institution perspective on how the recently-issued FATCA regulations have changed the game

The essential news items include:

– CSSF clarifies UCITS risk management circular
– SIF Law upgraded
– Draft Law boosts Luxembourg Family Offices
– Luxembourg SPF regime now broadens investment perspectives
– Draft Law on paperless securities
– CSSF Circular on written AML/CFT risk analysis for non-banks
– New draft law amending law on insurance sector
– Legal framework for mediation implemented

– ESMA consults on guidelines for ETFs and other UCITS
– ESMA publishes technical advice on AIFM implementing measures
– ESMA consults on AIFM key concepts
– Commission proposes European venture capital and social entrepreneurship fund regimes
– Update on CRD IV proposal
– Commission issues MiFID II proposal
– EMIR – informal deal on regulation of OTC derivatives reached
– EU votes short selling measures
– European Commission proposes a European Foundation Statute
– EU wide financial transaction tax proposed

– FATF Recommendations updated
– IOSCO principles on the valuation of Collective Investment Schemes (CIS)
– OECD good practices for pension fund use of alternatives
– IOSCO principles on suspension of CIS redemptions
– BCBS issues update on Basel III FAQs
– BCBS consults on internal audit function in banks
– IOSCO consults on suitability requirements for complex financial product distribution

Download our March 2012 issue (pdf, 5mb) .

 


To be added to the distribution list, please complete the subscription form.

Posted on 12 March 2012

Luxembourg Financial Connection, Issue 17

The Luxembourg Financial Connection - Issue 17 The Luxembourg Financial Connection - Issue 17

Download our March 2012 issue (pdf, 5.8mb).

 

To be added to the distribution list, please complete the subscription form.

 

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