Wednesday April 15 2020
News Source: Fund Regulation
On 14th 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:
- 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 email@example.com, 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.