Anne-Sophie Minaldo

Anne-Sophie Minaldo

New MiFID delegated acts

Last night, 18 May, the European Commission published its last set of delegated acts (also in the form of regulation – directly applicable across Member States).

UCITS depository rules just evolved: here’s a round-up of changes

There’s no such thing as peace and quiet for depositaries since the regulatory avalanche hit Europe. While the AIFMD revisited the roles and responsibilities of AIF depositaries, the CSSF decided to publish its new circular on the UCITS depositary function on 11 July. These different texts will have to find ways to fit together: Circular 14/587 does not apply […]

Luxembourg banks edge closer to signing ‘unique sentence’ on governance

Running in parallel to the closing of accounts at the end of the year, bank board members now have another task on their hands: making sure their governance is up to scratch. CSSF circular 12/552, which mainly covers Board of Directors’ collective fitness test and training, came into force in July 2013. The cut-off date for implementation was set for 1 January […]