Related posts
Browse AllCSSF Circular 25/901: reinforced guidance for Luxembourg funds — and a benchmark for RAIFs
CSSF Circular 25/901, effective 19 December 2025, consolidates and updates prudential guidance for SIFs, SICARs and Part II UCIs in Luxembourg. It introduces clearer standards on risk-spreading, borrowing limits, ramp-up periods and look-through requirements, aligned with investor profiles. Although RAIFs are not directly in scope, the Circular is expected to…
CSSF updates its FAQ on Crypto-Assets for Undertakings for Collective Investment
The CSSF has published Version 7 of its FAQ on Crypto-Assets for Undertakings for Collective Investment following the entry into force of MiCAR. The update clarifies how UCITS and AIFs may obtain crypto-asset exposure, including NAV limits, governance, risk management, and disclosure requirements. It introduces enhanced authorisation requirements for AIFMs…
CARRIED INTEREST OVERHAUL (Luxembourg)
Luxembourg has introduced a new carried interest regime effective 1 January 2026, providing clarity and preferential taxation for fund managers. Contractual carried interest is taxed at a reduced rate, while equity-linked carry can be fully exempt under certain conditions. Eligibility extends to employees, directors, partners, and advisors, with deal-by-deal carry…
Career opportunity: WE ARE HIRING!
We are currently seeking a administrative assistant to join our team.
Luxembourg holding structures and effective place of management: French courts confirm substance over form
In a decision dated 8 January 2026, the Versailles Administrative Court of Appeal upheld the French tax authorities' position that a Luxembourg company, despite having a registered office in Luxembourg, was subject to French corporate tax and VAT due to its effective place of management being in France. The company,…