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The CSSF has set out in a press release
of December 7 the implications for the fund industry of the end of
the UK s 11-month transition period following its withdrawal
from the EU on January 31.
Up to now EU law and regulations have continued to apply in the
UK and British-domiciled entities have been able to provide
services in Luxembourg under EU single market passporting rights,
but these will expire at the end of the year (December 31, 2020)
.
The CSSF notes that this change will affect all UK managers on a