The European AIF market is one of the fastest growing in the financial sector. For this reason, your AKD counsels keep up to date with developments in this dynamic industry. To help financial market participants to stay on top of current trends in the AIF space, the AKD Quarterly Update provides information on selected Luxembourg and Dutch legal, tax and regulatory matters within the AIF industry.

This Quarterly Update, covering Q2 2024, offers the most recent developments on various fronts, including ESMA’s updated guidelines on fund names using ESG or sustainability-related terms, and the ESAs' opinion on the assessment of the SFDR. The CSSF advice on Crypto-Asset ATMs in Luxembourg and the CSSF's new AML/CFT regulations, including the sixth directive, mark significant regulatory advances. Updates also include CSSF clarifications on MiFID rules in fund marketing, proposed changes to the ELTIF RTS, and new measures for GBP LDI funds. ESMA has issued guidance on AI use in investment services, and the EBA and ESMA are seeking feedback on the investment firms' prudential framework. Additionally, new notification templates for cross-border activities and CSSF’s communication on ESMA’s Final Report on financial product marketing underline the emphasis on regulatory compliance.

You will also read about tax and regulatory hot topics from the Netherlands and Luxembourg.

Don’t miss out the 5 Questions to Ayzo van Eysinga, Partner & co-Head of the Tax practice at AKD Luxembourg.

Enjoy the read and get in touch with us if you require more detailed information and assistance on the latest AIF developments and their implications.

Informational Update: This Quarterly Update serves as an informational resource to the readers, providing insights into new legislation or supervisory priorities. It does not require immediate action but aims to enhance understanding of the regulatory landscape and keep readers informed about relevant developments.

Compliance Considerations: This Quarterly Update prompts readers to review their current practices and assess their compliance with the new legislation or supervisory priorities. It may involve implementing changes, updating documentation, or adopting new practices to ensure compliance and maintain regulatory standards.