On 3 January, 2017, the Commission de Surveillance du
Secteur Financier (CSSF) introduced under Circular 02/77 a
mandatory template to be used by undertakings for collective
investment subject to the Law of 17 December, 2010 (UCIs and UCITS)
and to specialized investment funds governed by the Law of 13
February, 2007 (SIFs) to transmit any notifications to the
The CSSF's press release dated 3 January, 2017 (in French only) states that any notifications
to be submitted to the CSSF in the event of an error in the
calculation of the Net Asset Value or the non-compliance with
investment restrictions (Circular 02/77 in English and French) must be transmitted by using a
specific template as established for this purpose. The template can
be downloaded on the CSSF's website (in English only) and contains additional
explanations in English. More clarifications by the CSSF are
available in an additional file (in French only).
The new reporting requirement is immediately applicable but the
CSSF will continue to accept notifications under other formats
until 1 March, 2017. After this date, the use of the new template
will be mandatory.
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