The CSSF has updated its FAQ Crypto-Assets – Undertakings for collective investment (previously FAQ Virtual Assets – Undertakings for collective investment) and draws the attention to the following points

The CSSF has updated its FAQ Crypto-Assets – Undertakings for collective investment (previously FAQ Virtual Assets – Undertakings for collective investment) and draws the attention to the following points:

• Modifications due to the entry into force of Regulation (EU) 2023/1114 on markets in crypto-assets (MiCAR);
• UCITS may invest indirectly in crypto-assets for a maximum of up to 10% of their NAV;
• AIFs open to retail investors other than well-informed investors may invest in crypto-assets for a maximum of up to 10% of their NAV;
• The license extension for an AIFM managing AIFs invested in crypto-assets applies to exposures exceeding 10% of the NAV.

Please refer to the FAQ document for more detailed information.