News from the RISP platform

On 22 May 2026, the CSSF issued Circular CSSF 26/912, repealing Circular IML 91/75 with immediate effect. IML 91/75 had originally defined the rules applicable to Luxembourg undertakings for collective investment (UCIs) under the Law of 30 March 1988. The repeal reflects the evolution of the UCI regulatory framework since IML 91/75 was first published. According to the CSSF, several chapters had already been repealed and replaced by other CSSF circulars, while others had beco

The European Securities and Markets Authority’s recent publications mark an important step toward a more consistent and streamlined regulatory reporting framework across the EU. In particular, the final report on funds data sets out a clear vision focused on greater harmonisation, reducing duplicate reporting through a “report once” approach, and establishing a hybrid model combining national supervision with coordinated EU standards. While reforms to transaction reporting