Claude Marx, director general of the CSSF, disclosed the number during Deloitte’s cross border fund distribution conference on 4 February.

Marx stated at the conference:

“The CSSF will do its utmost to avoid market disruption following Brexit. But I am optimistic, because the United States is the country that uses Luxembourg the most as a base for distributing funds. And as far as I know, they are not part of the European Union…”

The CSSF opened applications for the interim Brexit scheme via its “eDesk” digital portal on 2 August 2019 and closed registration on 31 January 2020.

Reported by Laura Fort; edited by Aaron Grunwald