BREXIT: 02/08/19 – 3 Press Releases of CSSF
5 August 2019
BREXIT : 02/08/2019 : 3 press releases of CSSF in relation to mandatory notifications for UK firms operating in Luxembourg and undertakings for collective investment and their managers.
READ MORE : As announced in the CSSF press release 19/33 regarding firms licensed in the UK under CRD IV, MIFID II, PSD2, EMD and in the CSSF press relesase 19/34 regarding undertakings for collective investment and their managers, firms and investment funds that want to benefit from the 12-month transitional regime of the Brexit laws are required to notify the CSSF not later than 15 September 2019.
As announced in the CSSF press release 19/41, dedicated Brexit notification forms are now available for all firms and investment funds through the e-Desk portal accessible at https://www.cssf.lu/edesk
Any date indicated in the Brexit notification form is based on the assumption of a No-Deal Brexit occuring on 31 October 2019. Entities that will not have submitted any notification through the e-Desk portal by 15 September 2019 will not be entitled to benefit from the transitional regime and will have to cease all business as of the date of a no-deal Brexit.
Please refer to the CSSF press releases for more information : https://www.cssf.lu