FAQ – Circular CSSF 25/894 - Investment funds non-authorised by the CSSF
CSSF
On 27 June 2025, the Commission de Surveillance du Secteur Financier (CSSF) issued Circular 25/894, which outlines the information that must be submitted to the CSSF concerning investment funds that are not authorised by the CSSF.
Key Highlights:
Scope of Application: The circular applies to non-authorised investment funds established in Luxembourg, as well as to non-authorised AIFs established in other EU Member States or third countries.
Notification Requirements: Investment fund managers (IFMs) must notify the CSSF when they manage a non-authorised investment fund, including details such as the fund's structure, investment strategy, and service providers.
Financial Reporting: Funds subject to the circular are required to submit their financial reports to the CSSF via the eDesk platform.
Changes in Fund Status: Any changes in the status of the fund, such as liquidation or changes in management, must be promptly communicated to the CSSF.
Service Providers: The circular specifies acceptable configurations for IFMs, the funds they manage, and the service providers for these funds, ensuring compliance with regulatory standards.
For detailed guidance and specific requirements, refer to the full text of the circular and the accompanying FAQ document.