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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Luxembourg adopts AIFMD II: What you need to know
On 3 March 2026, Luxembourg adopted a new law amending the legislation of 17 December 2010 on collective investment undertakings and 12 July 2013 on alternative investment fund managers. This update transposes the EU Directive 2024/927, modernising the regulatory framework for investment funds.
24 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
Luxembourg draft bill to transpose the AIFMD II: No extra burdens for AIFMs
On 3 October 2025, the Luxembourg Government introduced Draft Bill No. 8628 to transpose AIFMD II (Directive (EU) 2024/927) into national law.
17 Oct 2025
The new Cyprus Investment Fund Administrators Law at a glance
The Investment Fund Administrators Law marks a pivotal development in the investment funds space in Cyprus, bringing within the scope of regulation persons providing fund administration services. The IFA Law came into effect on 18 June 2025.
29 Sep 2025
CySEC proposes ICT oversight fees for financial entities under DORA
On 31 January 2025, the Cyprus Securities and Exchange Commission launched a consultation on proposed annual information and communication technology oversight fees for financial entities under the EU Digital Operational Resilience Act. DORA aims to enhance cybersecurity and resilience in the financial sector.
24 Feb 2025
CySEC announces new requirement for Crypto-Asset Service Providers
On 30 July 2024, the Cyprus Securities and Exchange Commission issued Circular 654 addressed to CIFs, AIFMs, and UCITS Management Companies intending to offer crypto-asset services and providing an update following Circular 648.
02 Aug 2024
The European Parliament has adopted the AIFMD 2.0 text
On 7 February 2024, the European Parliament adopted the final version of the text amending the Alternative Investment Fund Managers Directive (AIFMD 2.0).
16 Feb 2024
CySEC's Circular on forced transfers of Russian securities
On 11 September 2023, the Cyprus Securities and Exchange Commission (CySEC) issued Circular 596 regarding Russian Federation Federal Laws No. 319-FZ (Law 319-FZ) and No. 519-FZ (Law 519-FZ), which concern certain transfers of Russian securities, known as forced transfers, further defined below.
18 Sep 2023
EU reaches provisional agreement on AIFMD II and UCITS “plain-vanilla EU investment funds”
On 20 July 2023, negotiators from the European Council and the European Parliament reached a provisional agreement on new regulations aimed at improving European capital markets and strengthening investor protection in the EU. The agreement focuses on revising the Alternative Investment Fund Managers Directive (AIFMD), broadly referred to as AIFMD II, which governs managers of various investment funds including hedge funds, private equity funds, and real estate funds in the EU. Additionally, it modernises the framework for “plain-vanilla” EU-harmonised retail investment funds known as undertakings for collective investment in transferable securities (UCITS).
23 Aug 2023
CySEC Circular on risk-based supervision and electronic reporting for 2022
On 12 May 2023, the Cyprus Securities and Exchange Commission (CySEC) issued Circular 573 announcing the release of the new version of the RBSF-MC Form (Version 6). This form is an annual requirement for all regulated entities and collects statistical information.
30 May 2023
CySEC issues statement on its post-Brexit Temporary Permission Regime
On 14 December 2021, the Cyprus Securities and Exchange Commission (CySEC), published the Policy Statement (PS 02-2021) notifying the industry on changes to admissions criteria for UK financial institutions operating under the regulator’s Brexit-related Temporary Permission Regime (TPR).
15 Dec 2021