Coficom Trust S.à r.l. – CSSF Circular on UCITS depositaries
Written by Nicholas Martin – Coficom Trust S.à r.l.
The Commission de Surveillance du Secteur Financier (“CSSF”) published on 11 October 2016 a new circular 16/644* on UCITS depositaries. This circular repeals and replaces CSSF circular 14/587** (as amended by 15/608) and entered into force on 13 October 2016.
The circular 16/644 provides – among other aspects – a set of regulatory requirements clarifying certain rules provided previously by the Luxembourg UCI Law.