{"id":"sanctions/cssf-2024-02-08-lemanik-asset-management-s-a","title":"CSSF fine on Lemanik Asset Management S.A, 8 February 2024","type":"sanction","date":"2024-02-08","authority":"CSSF","amount":"55500","html":"<p>On 8 February 2024 the Commission de Surveillance du Secteur Financier (CSSF) imposed an administrative fine of EUR 55,500 on Lemanik Asset Management S.A (Investment fund managers). The decision was published on 30 April 2024. The CSSF gives the ground as non-compliance with professional obligations related to the oversight of its delegates Administrative decision.</p>\n<p>Legal basis: <a href=\"/lhoft?page=laws%2F2013-07-12-n1\" class=\"wikiLink\" data-target=\"laws/2013-07-12-n1\">Law of 12 July 2013 on alternative investment fund managers</a>, <a href=\"/lhoft?page=laws%2F2010-12-17-n9\" class=\"wikiLink\" data-target=\"laws/2010-12-17-n9\">Law of 17 December 2010 on undertakings for collective investment</a>.</p>\n<p><a href=\"https://www.cssf.lu/en/Document/administrative-sanction-of-8-february-2024/\" target=\"_blank\" rel=\"noreferrer\">Decision page</a>, <a href=\"https://www.cssf.lu/wp-content/uploads/S_63_GFI_Lemanik_Asset_Management_S.A._2024.02.08_en.pdf\" target=\"_blank\" rel=\"noreferrer\">decision PDF</a>. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent.</p>"}