Repeal of Circular IML 91/75
The CSSF would like to highlight the publication of Circular CSSF 26/912 concerning the repeal of Circular IML 91/75.
Since the publication of Circular IML 91/75, the legal framework applicable to UCIs has significantly evolved: several laws on UCIs have been enacted, and new legislation relating to alternative or non-alternative funds (SICARs and SIFs) has been adopted. In addition, EU regulation has further complemented the regulatory framework.
The evolution of standards applicable to UCIs has gradually led to the repeal and replacement of several chapters of Circular IML 91/75 by other circulars. Furthermore, several rules from Circular IML 91/75 are now integrated into the CSSF’s administrative practice.
As a result, Circular IML 91/75 is repealed with effect from the date of publication of Circular CSSF 26/912, i.e. from 22 May 2026.
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21 January 1991 - Archived since 22 May 2026
Circular IML 91/75 (as amended by Circulars CSSF 05/177, 18/697, 21/790, 22/811 and 25/901) repealed by Circular CSSF 26/912
Revision and remodelling of the rules to which Luxembourg undertakings governed by the Law of 30 March 1988 on undertakings for collective investment (“UCI”) are subjectCSSF circular -
22 May 2026
Circular CSSF 26/912
Repeal of Circular IML 91/75 related to the revision and remodelling of the rules to which Luxembourg undertakings governed by the Law of 30 March 1988 on undertakings for collective investment (“UCI”) are subjectCSSF circular