CSSF Circular 25/901: Consolidation, Recalibration, and Clarification of Luxembourg’s Framework for SIFs, SICARs, and ...
On 19 December 2025, the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg published Circular 25/901 (the Circular), setting out updated supervisory guidance applicable to CSSF-regulated alternative investment funds. The Circular …