Developments in the Luxembourg Financial Sector

March 26, 2015

The Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF), has recently issued FAQs regarding the immobilisation of bearer shares and units, as well as a press release to remind Luxembourg alternative investment fund managers (AIFMs) and non-EU AIFMs that market alternative investment funds (AIFs) in Luxembourg under the AIFM Directive as to their reporting obligations. In other developments, the Luxembourg tax authorities have issued two circulars – the first confirms the tax treatment of limited partnerships, and the second relates to the issuance of tax residency certificates for undertakings for collective investment (UCIs).

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