Fund manager · Luxembourg

Management company authorised under Chapter 15 of the Law of 17 December 2010 (Luxembourg)

The Management company authorised under Chapter 15 of the Law of 17 December 2010 is issued by Commission de Surveillance du Secteur Financier (CSSF) under Law of 17 December 2010 relating to undertakings for collective investment. It can be passported to the other EU/EEA states by notification. The official register lists 157 current holders. The legal decision period is 6 months from receipt of a complete application. The application fee is EUR 18,000.

Last verified 2026-09-24Regulator CSSFMarkdown · Data (CC BY 4.0)
Management company authorised under Chapter 15 of the Law of 17 December 2010: licenceFM

At a glance

Official nameManagement company authorised under Chapter 15 of the Law of 17 December 20101
Issued byCommission de Surveillance du Secteur Financier
JurisdictionLuxembourg
Licence familyFund manager
Legal basisLaw of 17 December 2010 relating to undertakings for collective investment1
Law of 12 July 2013 on alternative investment fund managers2
Directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD)3
PassportingEU/EEA passport available
Application feeEUR 18,0004
Annual feeEUR 42,0004
Statutory decision time6 months from receipt of a complete application1
Public registerofficial register5
Current holders1575

What it lets you do

  • Managing UCITS funds. Managing undertakings for collective investment in transferable securities, the EU's retail fund format.

Where it is valid

Luxembourg licence, passportable across the EU/EEAATBEBGHRCYCZDKEEFIFRDEGRHUIEITLVLTLUNLPLPTROSKSIESSEISNOMTLI
Issued in Luxembourg (gold); can be passported to the other EU/EEA states (blue) by notification.

Cost

Cost components, upper bound total EUR 60,000Application fee: EUR 18,000Annual supervisory fee: EUR 42,000
Regulatory costs from the official sources above. Professional fees, staff, office and audit come on top and depend on the business model.

How long it takes

Time to licence: statutory 6-6 monthsStatutory6 months

Statutory: 6 months from receipt of a complete application1. Observed: not published. The statutory clock usually starts only when the regulator treats the application as complete, and pauses while it waits for answers to its questions.

Buying a company that already holds it

Prior notification with an objection period. Acquisition or disposal of qualifying holdings reaching or crossing 10%, 20%, 30%, or 50% of capital or voting rights, or causing an entity to become a subsidiary, requires prior written notification to the CSSF. The CSSF conducts a prudential assessment of acquirer suitability, reputation, financial soundness, and AML risk within 60 working days (interruptible once by up to 20 working days, or 30 working days for non-EU acquirers) under Articles 18 and 18-1 of the Law of 5 April 1993, Article 12 of the Law of 10 November 2009, Article 83 of Regulation (EU) 2023/1114 (MiCA), and Circular CSSF 17/669 adopting the Joint ESA Guidelines.6

Laws behind it

Last verified 2026-09-24Author Danil Marmysh, Founder & CEO, ProtegraReviewed by Anastasia Sidorenkova, Head of Licensing, ProtegraReport an errorReference information, not legal advice.

Sources

  1. cssf.lu: law of 17 december 2010 · retrieved 2026-09-24
  2. cssf.lu: law of 12 july 2013 2 · retrieved 2026-09-24
  3. eur-lex.europa.eu: HTML (32011L0061) · retrieved 2026-09-24
  4. cssf.lu: GDR 231222 CSSF fees (PDF) · retrieved 2026-09-24
  5. searchentities.apps.cssf.lu: entite · retrieved 2026-09-24
  6. cssf.lu: circular cssf 17 669 · retrieved 2026-09-24

Want the FM licence in Luxembourg?

Tell us your business model and target markets. We check the fit before you spend on an application, then handle the licence end to end.

A free preliminary assessment: we check your business model against the licence before you spend on an application. We handle this licence and any other fintech licence, including jurisdictions the Atlas does not cover yet.