Supervision

SIF managers fined for providing ‘incomplete information’ 

Luxembourg police. Photo: PoliceLux.
Financial supervisor CSSF is putting on the thumbscrews. It has imposed individual financial fines on a total of seven managers and directors of specialised investment funds in Luxembourg. The fines were issued because they sent “incomplete information” to the supervisor. It is the first time such fines were issued under a 2007 law that governs these funds.
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