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.

Please click here to read the full CSSF Circular (16/644 – French version only)

The circular 16/644 provides – among other aspects – a set of regulatory requirements clarifying certain rules provided previously by the Luxembourg UCI Law.