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CSSF urges Luxembourg’s IFMs to strengthen delegation oversight

The offices of CSSF in Luxembourg. Photo: IO.
The offices of CSSF in Luxembourg. Photo: IO.
Luxembourg’s financial regulator CSSF has delivered a sharp warning to the country’s Investment Fund Managers (IFMs) regarding weaknesses in oversight practices when delegating portfolio management. The CSSF’s latest review highlights specific shortcomings, particularly in conflict of interest management and contingency planning, that could expose IFMs to regulatory risk and potential operational failures.
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