Publication of a roadmap in connection with the Overseas Funds Regime

The CSSF hereby informs you that the UK Financial Conduct Authority (FCA) and HM Treasury have jointly issued a roadmap to explain how the Overseas Funds Regime (OFR) is intended to be opened to European Economic Area (EEA) funds authorised under Directive 2009/65/EC, as amended, following the UK Government’s decision to grant equivalence in relation to those funds (with the exception of money market funds).

By way of a reminder, the OFR is meant to replace the current Temporary Marketing Permissions Regime once it expires. The CSSF invites Luxembourg domiciled UCITS and management companies to closely monitor any implications deriving therefrom with a view to ensuring a smooth continuity of their marketing activities towards UK investors.

All the necessary information and practical specifications in relation to the aforesaid roadmap can be found on the FCA’s website via this link: https://www.fca.org.uk/publication/corporate/roadmap-to-implementing-overseas-funds-regime.pdf