Simplified procedure for the creation of new share class(es)

From now on, the simplified procedure applies to new share classes whose characteristics are already defined in the current version of the fund’s prospectus.

For that purpose, your submission must adhere to the principles outlined in the dedicated form and include all relevant information about the share classes using the standardised table.

Luxembourg’s financial regulator, the CSSF, has unveiled a simplified procedure for creating new share class(es) within UCITS, UCI Part II, SIFs, and SICARs—without triggering a prospectus update. Launched on 12 February 2025 (and updated on 13 March 2025), this streamlined process applies only when the new share class characteristics are already covered in the existing prospectus.

Managers simply complete a CSSF-provided form and include all requisite details in a standardized table. Conditions include prior approval from the fund’s management body, compliance with ESMA standards for UCITS, and submission of PRIIPs KIDs if relevant. The reform promises faster execution and reduced administrative hurdles, while preserving compliance and transparency.