La CSSF publie la nouvelle FAQ sur la circulaire CSSF 24/856 concernant la protection des investisseurs en cas de survenance d’une erreur dans calcul de la VNI, d’un non-respect des règles de placement et d’autres erreurs au niveau d’un OPC

The new CSSF FAQ still includes a series of questions from the FAQ regarding Circular CSSF 02/77 insofar as these questions are still relevant in the context of the new circular. Most questions from the FAQ regarding Circular CSSF 02/77 have been withdrawn as the related clarifications have been integrated in the new Circular CSSF 24/856.

Furthermore, the new CSSF FAQ introduces some new questions concerning notably the scope of application of the Circular CSSF 24/856, the application of tolerance thresholds to closed-ended UCIs and non-compliant cost/fee payments at UCI level.

The FAQ regarding Circular CSSF 02/77 will continue to apply to errors /instances of non-compliance detected before 1 January 2025. With the entry into force of the new Circular CSSF 24/856 on 1 January 2025, the new CSSF FAQ applies to errors /instances of non-compliance detected as from 1 January 2025.

With the entry into force of the new Circular CSSF 24/856 on 1 January 2025, references to Circular CSSF 02/77 or to its FAQ as well as related minor updates will also be implemented in the following CSSF FAQs:

• FAQ concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment;

• FAQ concerning Money Market Funds Regulation;

• FAQ concerning the application of the swing pricing mechanism.

24 décembre 2024

Questions/Réponses concernant la circulaire CSSF 24/856 (uniquement en anglais)  

29 mars 2024

Circulaire CSSF 24/856
concernant la Protection des investisseurs en cas de survenance d’une erreur dans le calcul de la VNI, d’un non-respect des règles de placement et d’autres erreurs au niveau d’un OPC