Last Updated on June 3, 2025 by Arnaud Collignon
Understanding CSSF Regulation N° 19/06
The Commission de Surveillance du Secteur Financier (CSSF) has established Regulation N° 19/06, which came into effect on June 26, 2019. This regulation aims to enhance the governance and operational framework for investment fund managers in Luxembourg. Below, we delve into the key aspects of this regulation and its implications for the financial sector.
Key Objectives of Regulation N° 19/06
- Strengthening Governance: The regulation emphasizes the importance of robust governance structures within investment fund management companies.
- Risk Management: It mandates the implementation of comprehensive risk management frameworks to identify, assess, and mitigate risks effectively.
- Transparency: Enhanced transparency requirements are set to ensure that investors have access to relevant information regarding their investments.
Who is Affected?
This regulation primarily impacts:
- Investment fund managers operating in Luxembourg.
- Entities involved in the management of investment funds.
- Investors seeking to understand the governance of their investment vehicles.
Compliance Requirements
Investment fund managers must adhere to the following compliance requirements:
- Establish a clear governance framework.
- Implement effective risk management policies.
- Ensure ongoing training and development for staff involved in fund management.
Conclusion
CSSF Regulation N° 19/06 represents a significant step towards enhancing the integrity and transparency of the investment fund management sector in Luxembourg. By adhering to these regulations, fund managers can not only comply with legal requirements but also build trust with their investors.
External Links
- CSSF Regulation N° 19/06 – Official Document
- CSSF – Investment Funds Supervision
- CSSF – Frequently Asked Questions
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