LUXEMBOURG: CSSF Updates FAQ on Reports for UCITS and AIFMD

Wednesday April 15 2020

On 14^th April 2020, the Commission de Surveillance du Secteur Financier (CSSF) published FAQs on deadlines for reports applicable under the UCITS Directive and under the AIFMD.

The FAQs apply to:

• UCI,
• SIFs,
• SICARS,
• management companies,
• alternative investment fund managers

The following question has been included:

Question 15. What is the CSSF’s position concerning the deadlines applicable under the UCITS Directive and under the AIFMD for annual and half-yearly reports?

The CSSF intends to comply with the public statement published on 9 April 2020 by the European Securities and Markets Authority (ESMA).

• The investment fund managers which anticipate that the annual and half-yearly reports will be published beyond the regulatory deadlines, must inform the CSSF promptly thereof, only by email and solely at the following address opc@cssf.lu, with an indication of the reasons for the delay and, to the extent possible, the estimated date of publication.
• They must also inform the investors as soon as practicable of this delay, the reasons for such a delay and, to the extent possible, the estimated date of publication.

Click on the link for further information.