Brexit: Opening of the E-desk Portal
On 02 August 2019, the CSSF published the press release 19/41 on the opening of the E-desk Portal for mandatory notification in the context of Brexit.
In its previous press releases the CSSF announced that firms (i) licensed in the UK under CRD IV, MiFID II, PSD 2, EMD and (ii) undertakings for collective investment and their managers that wish to benefit from the 12-month transitional regime of the Luxembourg Brexit laws are required to notify the CSSF no later than 15 September 2019.
In its Press Release, the CSSF announced the Brexit Notification forms are now available for all firms and investment funds through the eDesk portal. Any date indicated in the Brexit notification is based on the assumption of a no-deal Brexit occurring on 31 October 2019.
Entities that have not submitted a notification through the eDesk portal by 15 September 2019 will not be entitled to benefit from the transitional regime and will have to cease all business as of the date of a no-deal Brexit.
For more information please see our previous articles on the CSSF mandatory notification.
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