Regulatory Alerts2021-12-22
Added · Updated
Circular CSSF 21/789 as amended by Circular CSSF 23/839: Practical rules for investment fund managers' self-assessment, auditor engagement, and annual reporting
This circular requires authorized investment fund managers (IFMs) in Luxembourg to annually submit a self-assessment questionnaire via the eDesk Portal within four months after the end of their financial year. It mandates that IFMs engage approved statutory auditors (REAs) to produce a management letter and a separate report, both of which must be submitted by the IFM's responsible persons within seven months after the financial year-end. The separate report requires REAs to perform specific procedures to verify the reliability of the IFM's self-assessment answers. These requirements apply to various categories of IFMs, including management companies and alternative investment fund managers, and repeal previous circulars regarding management letter transmission procedures.
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