Regulatory Alerts2024-02-06
Added · Updated
Circular CSSF 24/853: Practical Rules for Investment Firms' Long Form Report and Statutory Auditor Missions
The revised long form report applies to all non-SNI IFR investment firms and certain SNI IFR investment firms incorporated under Luxembourg law, as well as their branches, for the financial year ending 31 December 2024. The report comprises a digital self-assessment questionnaire completed by the investment firm and three annual reports prepared by approved statutory auditors: an agreed-upon procedures report, a MiFID report on client asset protection, and an AML/CFT report. Partial Scope investment firms are exempt from the AUP report for the three-year cycle starting at the financial year ending 31 December 2024. All components must be submitted via the CSSF's online portal, with the self-assessment questionnaire serving as the basis for defining the scope of the statutory auditor's mission.
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