Regulatory Blog

The Bermuda Monetary Authority introduced an Approval in Principle process to streamline the establishment of new investment funds in Bermuda. This initiative aims to balance efficient decision-making with robust regulatory oversight.

On 22 April 2026, the CSSF announced updated procedures for cross-border management notifications and de-notifications for Luxembourg-domiciled Investment Fund Managers operating under a European passport. These changes, effective from 22 April 2026, aim to enhance efficiency and transparency in the notification process using digital platforms.

On 10 April 2026, the CSSF issued a communication to the investment fund industry regarding the activation of the "Liquidity Management Tool" module. This follows the implementation of additional liquidity management requirements introduced by the Law of 3 March 2026, which transposes Directive (EU) 2024/927.

Luxembourg stands as a premier global financial hub, a status reinforced by its extensive and sophisticated network of international investment agreements. These legal instruments are fundamental to protecting and promoting foreign investment, creating a secure and predictable environment for international capital flows. Understanding this framework is essential for investors, multinational corporations and legal advisors navigating the global economic landscape.

On 2 March 2026, the Commission de Surveillance du Secteur Financier, Luxembourg's financial regulator, published a guidance document outlining the documents and information to be submitted for the assessment of the shareholding structure of authorised Investment Fund Managers. The guidance applies to both initial authorisation applications and modifications to the shareholding structure of authorised IFMs and covers both qualified and non-qualified shareholders.

The Cyprus Securities and Exchange Commission recently issued Circular E743, introducing significant updates to liquidity management requirements for Alternative Investment Funds and Undertakings for Collective Investment in Transferable Securities.

On 27 February 2026, published in the Official Journal of the European Union, regulatory technical standards introducing harmonised rules for liquidity management tools applicable to Alternative Investment Fund Managers and Undertakings for Collective Investment in Transferable Securities across the EU.

On 9 February 2026, the Cayman Islands Government published three legislative instruments: the Mutual Funds Bill, Private Funds Bill, and Virtual Asset Bill. These were created to answer a number of pressing questions arising from tokenised investment funds and to establish a clear and reliable regulatory framework for tokenised investment funds.

On 18 February 2026, the Luxembourg Registration Duty, Estate and VAT Authority issued an important reminder for all Reserved Alternative Investment Funds. In its capacity, as the supervisory authority for AML/CFT matters, the AED requires the timely submission of the annual RC report for the year 2025.

On 13 February 2026, the Cayman Islands Monetary Authority extended the deadline for settling outstanding balances related to revised annual fees for regulated mutual and private funds.

On 4 February 2026, the Cayman Islands Monetary Authority published a notice to assist stakeholders in interpreting the revised fees for regulated mutual funds and private funds, effective 1 January 2026. These updates follow CIMA's earlier notice on 31 December 2025, which outlined broader fee adjustments across financial services to align with international standards and enhance administrative efficiency.

On 19 January 2026, the Cyprus Securities and Exchange Commission issued Circular C751, providing guidance to regulated entities on obligations under the Digital Operational Resilience Act. Key points include: