On 2 August 2019, the CSSF ("regulator") published press release 19/41 to announce the availability of the dedicated "Brexit Notification" forms for all firms and investment funds, following the previous two CSSF press releases issued in July[please see our Fund News article for more information].
In the context of a hard Brexit, all UK firms licensed under CRD IV, MiFID II, PSD 2, EMD, the investment funds and their managers licensed under UCITS Directive and/or Directive 2011/61/EU wishing to benefit from the 12-month transitional regime of the Brexit laws are required to notify the CSSF no later than 15 September 2019 via the eDesk portal. The eDesk portal is accessible at the following link.
The CSSF recalls that without submitting a notification through the eDesk portal by 15 September 2019, firms will not be entitled to benefit from the transitional regime and will not be able to continue their activities as of the date of no-deal Brexit.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.