Regulatory notices

Yesterday, CSSF has updated the AML/CFT identification letters and fund market entry form.

In substance, the modifications brought to the forms are the following:

In the context of the COVID-19 outbreak and the measures implemented by supervised entities to mitigate the disruption of the services, CSSF has published yesterday a “communiqué” on regulatory reporting obligations.

Friday 20 March 2020, the CSSF released a “communiqué” about an update of its FAQ on Swing price following questions received from fund operators in the context of the market turmoil generated by the COVID-19 outbreak.

In connexion with the COVID-19 outbreak and based on its “special power”, the Luxembourg Government has decided a certain number of measures in connexion with the holding of general meetings of shareholders or bond holders with effect on 20 March 2020, date of the publication of the Grand-Ducal decree in the Memorial A, the official journal of the grand-Duchy of Luxembourg.

Consob has published yesterday a communication regarding the postpone of the deadline to pay the supervisory fee due by different supervised entities from 15 April 2020 to 15 May 2020.

Yesterday, the CSSF has published 2 updated documents in its website UCITS Forms section related to the agreement of additional sub-fund(s) for authorised Luxembourg UCITS.

The Monetary Authority of Singapore (MAS) has updated its Collective Investment Schemes Code (CIS Code) as well as some other Notice and Guidance in connection with the recent introduction of the Variable Capital Companies.

Yesterday, the French Market Authority (AMF) released on its website the DOC-2020-03 – Position Recommendation on information to be disclosed by UCIs integrating non-financial approaches.

This regulation not only concerns the French domiciled funds but also foreign UCITS marketed in France.

Yesterday, CSSF has published a revised version of its UCI Frequently asked questions.

Two new questions on UCITS prospectus disclosure of the performance fee, the investment manager’s fee and the investment advisor’s fee to investors of a UCITS have been added within the document.