Regulatory Alerts2023-07-26
Added · Updated
Circular CSSF 23/839 — Update of Circular CSSF 21/789
This circular amends Circular CSSF 21/789 to specify the scope of application for management companies subject to Article 125-1 of Chapter 16 of the UCI Law and repeals Circulars CSSF 18/698 and 19/708 regarding management letter transmission procedures. It introduces a mandatory annual self-assessment questionnaire for investment fund managers, requiring submission within four months after the financial year-end, and establishes a separate report to be completed by approved statutory auditors to verify the questionnaire's reliability. The circular also defines a specific regulatory framework for the management letter, which must be submitted by the investment fund managers within seven months after the financial year-end. These requirements apply to authorized investment fund managers incorporated under Luxembourg law and related entities, with instructions to be complied with for financial years ending on or after 31 December 2021.
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