On 10th August 2021, the CSSF published the updated FAQs regard the CBDR notification procedure. The following question was updated:
Q11. Marketing a new share class has to be notified as an initial notification
Due to complications pertaining to high volume and increased administrative tasks involved with initial notifications, this procedure has been put on hold until further notice. As of now, all initial notifications are done on a sub-fund level. Marketing new share classes is done by informing the host authority directly. This effectively overrides the changes that were introduced with the CSSF Circular 21/778 until further notice.
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