FAQ concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment is a CSSF FAQ, published 15 December 2015.
\nLegal basis: Law of 17 December 2010 on undertakings for collective investment.
\nRelevant for: AIFMs, Investment fund managers, Management companies - Chapter 15, Management companies - Chapter 16, Part II UCIs, UCITS.
\nKeywords: Authorisation, Depositary, Outsourcing, PRIIPs, UCI prospectus.
\nFAQ Law of 17 December 2010 Version 23 – 17 February 2026
\nFAQ Law of 17 December 2010 Version 23 – 17 February 2026 Update information 17/02/2026
\nVersion 23: Modification of Definitions, Questions 1.14 and 12.1
\n02/01/2025
\nVersion 22: Modification of questions 1.16, 7.6 and 11.4
\n19/12/2024
\nVersion 21: Publication of question 12.1
\n18/11/2024
\nVersion 20: Modification of questions 6.3 and 6.4
\n20/06/2024
\nVersion 19: Modification of question 1.14
\n03/04/2024
\nVersion 18: Modification of question 10.5 Version 17: Publication of questions 6.7 ii) and 6.7 iii)
\n29/12/2023
\nReplacement of the term “Central Administration” by “UCI administrator” in line with Circular CSSF 22/811 (question 8.1)
\n30/11/2023 16/12/2022
\nVersion 16: Modification of questions 1.14 and 1.15 Version 15: Modification of question 6.1 and publication of questions 6.2 6.3, 6.4, 6.5, 6.6, 6.7 and 6.8
\n17/12/2021
\nVersion 14: Publication of question 1.18
\n03/11/2021
\nVersion 13: Publication of questions 1.14, 1.15, 1.16, 1.17, 2.4 et 2.5
\n17/08/2021
\nVersion 12: Publication of question 11
\n10/06/2021
\nVersion 11: Publication of question 10
\n30/10/2020
\nVersion 10: Modification of question 8.1
\n07/08/2020
\nVersion 9: Publication of question 1.13
\n10/03/2020
\nVersion 8: Publication of question 9
\n02/09/2019
\nVersion 7: Publication of question 8
\n11/04/2019
\nVersion 6: Modification of question 6.1
\n05/01/2018
\nVersion 5: Deletion of question 1.4
\n06/07/2017
\nVersion 4: Publication of questions 5, 6 and 7
\n24/01/2017
\nVersion 3: Typo corrections Version 2: Publication of questions 1.10, 1.11, 1.12, 2.1, 2.2, 2.3, 2.4, 3 and
\n24/08/2016
\n4 Modification of question 1.3 Deletion of question 2.1
\n08/12/2015
\nVersion 1: First publication
\nFAQ LAW OF 17 DECEMBER 2010 Version 23 – 17 February 2026
\nTable of contents Update information ............................................................................................... 2 Definitions .......................................................................................................... 12 1.
\nEligible assets ..................................................................................................... 14 1. What are the applicable provisions with regard to eligible assets for investment by UCITS? ......................................................................................... 14 Published on 8 December 2015 ..................................................................... 14 2. Under what conditions are UCITS eligible investment for a UCITS? ................ 15 Published on 8 December 2015 ..................................................................... 15 3. UCITS may invest under certain conditions in other UCI. What are the steps to be considered in order to determine if the investment in the other UCI is eligible? What eligibility rules apply, if any? ..................................................................... 15 Modified on 24 August 2016 ......................................................................... 15 4. Are non-UCITS ETFs eligible investments for UCITS? ...................................... 15 Deleted on 5 January 2018........................................................................... 15 5. Are UCITS master funds eligible investments for a UCITS which is not a feeder fund? ................................................................................................................... 15 Published on 8 December 2015 ..................................................................... 15 6. Which are the analyses to be conducted to determine the eligibility of transferable securities linked to the performance of other underlying assets (structured financial instruments) within the investment policy of a UCITS? ..... 15 Published on 8 December 2015 ..................................................................... 16 7. What kind of investments are eligible in the 10% limit of Article 41(2) of the Law (“trash ratio”)? ..............
\nThe text above is the opening of the document; the PDF carries the whole.
\nDocument page, PDF. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.
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