ARTICLE
23 September 2021

Non-judicial Liquidation Of UCITS, UCIs, SIFs And SICARs

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ELVINGER HOSS PRUSSEN, société anonyme

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Independent in structure and spirit, Elvinger Hoss Prussen guides clients on their most critical Luxembourg legal matters. Committed to excellence and creativity in legal practice, our firm delivers the best possible advice for businesses, institutions and entrepreneurs, playing a unique role in the development of Luxembourg as a financial centre.
On 31 August 2021, the CSSF issued a press release providing that the liquidation period extension requests for UCIs, UCITS, SIFs and SICARs (not individual sub-funds thereof, see below))...
Luxembourg Finance and Banking

On 31 August 2021, the CSSF issued a press release providing that the liquidation period extension requests for UCIs, UCITS, SIFs and SICARs (not individual sub-funds thereof, see below)) in non-judicial liquidation will no longer be required with effect from the date of such press release.

The CSSF will monitor the status of the liquidation via the semi-annual reports on the progress of the liquidation submitted by the liquidator who will be using a form available on the CSSF website.

The CSSF has however stated that the liquidation period extension requests for sub-funds of umbrella investment funds are still required after a nine-month deadline.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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