About the Regulatory Blog and our contributors
The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Anguilla, Bermuda, Cyprus, and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.
Resources
Welcome to our Regulatory Resources Hub, a centralised guide to the core laws and compliance frameworks shaping financial services in leading jurisdictions. Here, you’ll find concise summaries and direct access to key legislation from the British Virgin Islands, Bermuda and Cayman Islands. Whether you’re navigating licensing requirements, AML obligations, or governance standards, this section is designed to help you stay informed and compliant with ease.
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CSSF introduces new digital procedures for cross-border fund management notifications
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.
19 May 2026
Important update: CSSF’s LMT activation module now live
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.
13 May 2026
CySEC aligns with ESMA on cloud outsourcing for non-DORA entities
On 13 March 2026, the Cyprus Securities and Exchange Commission issued Circular 759, to inform relevant entities about the adoption of the European Securities and Markets Authority’s guidelines on outsourcing to cloud service providers. This replaces Circular 457 from July 2021.
11 May 2026
AIFMD II introduces new liquidity framework: CySEC guidance for fund managers
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.
09 Apr 2026
New liquidity management requirements for Luxembourg investment funds
Effective 16 April 2026, Luxembourg introduces enhanced liquidity management obligations for UCITS and open-ended AIFs under the Law of 3 March 2026, aligning with EU Directive 2024/927.
02 Apr 2026
EU introduces new regulatory technical standards on liquidity management tools for UCITS and AIFMs
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.
30 Mar 2026
Regulated or Not, That Is the Question - focus on the Luxembourg Special Limited Partnership (SCSp)
The Luxembourg Special Limited Partnership has become the go-to vehicle for private equity, venture capital, and real estate funds. It offers flexibility, tax efficiency, and minimal regulatory hassle, but only if you structure it correctly. Get it wrong, and you could face serious regulatory consequences.
09 Mar 2026
ESMA finalises rules for open-ended loan-originating AIFs
The European Securities and Markets Authority, in October 2025, published its final draft Regulatory Technical Standards for open-ended loan-originating Alternative Investment Funds under the AIFMD. These standards focused on liquidity management, stress testing and redemption policies for open-ended AIFs.
27 Feb 2026
CSSF updates crypto-asset guidelines: Key changes for investment funds
On 4 February 2025, the Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) updated its FAQs on crypto-assets, reflecting significant regulatory changes and providing guidance for various stakeholders. Here's a concise summary:
16 Feb 2026
Luxembourg funds compliance: AED Circular 792 quater and newsletter in brief
On 26 January 2026, Luxembourg’s Directorate of Registration, Estates and VAT (AED) issued Circular No. 792 quater, setting out AML/CFT identification and verification obligations for professionals under its supervision and replacing Circular 792 ter of 28 July 2025.
10 Feb 2026
EU reviews EuVECA Regulation for venture capital reform
On 15 January 2026, the European Commission announced a significant initiative: a comprehensive review of the European Venture Capital Fund Regulation. This marks the third time the European Commission revisited this pivotal regulation since its initial adoption in 2013, signalling a continued commitment to refining the mechanisms that drive capital to Europe’s most innovative enterprises.
02 Feb 2026
The Bermuda Investment Funds Act 2006
The Bermuda Investment Funds Act 2006 serves as a comprehensive legislative framework governing the establishment, operation, and regulation of investment funds within Bermuda. This Act, which has undergone several amendments to adapt to evolving financial landscapes, is pivotal in ensuring the integrity, transparency, and efficiency of Bermuda's investment fund industry. It is structured into multiple parts, each addressing specific aspects of fund management, administration, and oversight.
29 Jan 2026