LUXEMBOURG: Government Proposes Draft Bill, applicable to UK financial service providers in event of a “Hard Brexit”

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LUXEMBOURG: Government Proposes Draft Bill,…

Tuesday February 12 2019

News Source: Fund Regulation

Focus: General - Fund Regulation

Type: General

Country: Luxembourg

The Luxembourg government has proposed a Draft Bill which affords UK financial service providers the opportunity to continue providing certain services in Luxembourg for up to 21 months after the United Kingdom (UK) leaves the European Union (EU).
During this transition period, UCITS management companies and AIFM’s based in the UK would be able to directly manage existing Luxembourg funds.

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