On 6 November 2019, Commission de Surveillance du Secteur Financier (CSSF) issued press release 19/54, following up on previous press releases in the context of Brexit, which were based on the assumption of a hard Brexit potentially occurring on 31 October 2019.

Following the decision of the European Council of 30 October 2019, to prolong the period under Article 50(3) relating to the United Kingdom’s withdrawal from the European Union, the reference date for a potential hard Brexit in all of the CSSF’s previously published communications should now read 31 January 2020.

Therefore, the mandatory notification period for UK firms and undertakings for collective investment and/or their managers wishing to continue to provide services in Luxembourg after a no-deal Brexit, under the transitional regime, has been extended to 15 January 2020.

The CSSF’s Press Release can be found here.