CSSF Updates Annual Regulatory Reporting for UCI Administrators
CSSF
Revised Annual Reporting Framework
The reform focuses on the annual reporting obligations that UCI administrators must submit to the CSSF. It updates both the content and structure of the reporting, with the objective of strengthening supervisory oversight and improving the consistency and quality of information provided to the regulator.
A key element of the reform is the introduction of a revised Self-Assessment Questionnaire (SAQ), which administrators must complete as part of their annual submission. The SAQ is designed to assess compliance with regulatory requirements related to governance, internal controls, operational organization and risk management.
Legal and Mandatory Reporting
The reporting obligations introduced and amended by Circular 25/900 are mandatory legal requirements for all in-scope UCI administrators. They form part of the CSSF’s supervisory framework and are not voluntary or best-practice guidelines.
Implementation and Supervisory Expectations
The CSSF communication accompanying the circular clarifies the scope, timelines and practical arrangements for the revised annual reporting. UCI administrators are expected to adapt their internal processes accordingly to ensure timely and accurate submissions in line with the new framework.
Key Takeaway
These changes confirm the CSSF’s continued focus on enhanced transparency, governance and regulatory compliance within the fund administration sector. UCI administrators should review the updated requirements carefully and prepare for the revised annual reporting obligations under Circular CSSF 22/811, as amended by Circular CSSF 25/900.