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CSSF: Authorisation as UCI administrator (Updated)

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Last Updated on June 3, 2025 by Arnaud Collignon

Application for Approval as Administration of a UCI

The Commission de Surveillance du Secteur Financier (CSSF) provides a comprehensive framework for entities seeking approval to act as administrators of a Undertaking for Collective Investment (UCI). This document outlines the necessary steps and requirements for a successful application.

Key Requirements for Application

  • Legal Structure: The applicant must be a legal entity established under the laws of a Member State of the European Union or a third country.
  • Capital Requirements: Sufficient initial capital must be demonstrated, in accordance with the applicable regulations.
  • Qualified Personnel: The applicant must have qualified and experienced personnel to manage the UCI effectively.
  • Operational Procedures: Clear operational procedures must be in place to ensure compliance with regulatory requirements.

Application Process

The application process involves several key steps:

  1. Preparation of the application dossier, including all required documentation.
  2. Submission of the application to the CSSF.
  3. CSSF review and assessment of the application.
  4. Issuance of the approval decision by the CSSF.

Documentation Required

Applicants must provide a range of documents, including but not limited to:

  • Business plan outlining the operational strategy.
  • Details of the governance structure.
  • Financial projections and capital adequacy assessments.
  • Compliance and risk management policies.

Important Considerations

Before submitting your application, consider the following:

  • Ensure all documentation is complete and accurate to avoid delays.
  • Engage with legal and financial advisors to strengthen your application.
  • Be prepared for potential follow-up questions from the CSSF during the review process.

Conclusion

Applying for approval as an administrator of a UCI is a significant step that requires careful preparation and adherence to regulatory standards. By following the guidelines provided by the CSSF, applicants can enhance their chances of a successful application.

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