Regulation
CSSF: 'Delegation not dead'
Luxembourg body for financial regulation addresses fund industry fears over delegation overhaul in light of Brexit.
Fund managers will not lose their ability to delegate management functions to UK-based managers due to Brexit, according to the CSSF's international affairs counsel Jean-Marc Goy.
Speaking at an ALFI Private Equity and Real Estate conference earlier this month, Goy addressed industry fears that delegation would be restricted in the context of a 'hard' or 'no-deal' Brexit, as the UK prepares to leave the EU.
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