Communication related to the publication of the Law of 21 July 2021 transposing Directive (EU) 2019/1160

17 August 2022 _ Regulatory & compliance

Communication related to the publication of the Law of 21 July 2021 transposing Directive (EU) 2019/1160

The CSSF informs that Circular CSSF 11/509 has been updated in order to include amendments relating to the Law of 21 July 2021 transposing Directive (EU) 2019/1160 with regard to cross-border distribution of collective investment undertakings (“CBDF Directive”), and in particular the process of de-notification of Luxembourg-based UCITS.

Information message - The information in this message is produced for information purposes only and therefore does not qualify as offer or recommendation or solicitation to buy or sell securities or financial instruments in general, financial products or services or investment, nor an exhortation to carry out transactions related to a specific financial instrument.
The contents of this informative message are the result of the free interpretation, evaluation and appreciation of Pharus Asset Management SA and constitute simple food for thought.
Any information and data indicated have a purely informative purpose and do not in any way represent an investment advisory service: the resulting operational decisions are to be considered taken by the user in full autonomy and at his own exclusive risk.
Pharus Asset Management SA dedicates the utmost attention and precision to the information contained in this message; nevertheless, no liability shall be accepted for errors, omissions, inaccuracies or manipulations by third parties on what is materially processed capable of affecting the correctness of the information provided and the reliability of the same, as well as for any result obtained using the said information.
It is not permitted to copy, alter, distribute, publish or use these contents on other sites for commercial use without the specific authorization of Pharus Asset Management SA.
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