Last Updated on June 25, 2025 by Arnaud Collignon
Understanding Circular CSSF 25/894: Key Information for Non-Authorized Investment Funds
The Commission de Surveillance du Secteur Financier (CSSF) has issued Circular CSSF 25/894, which outlines the essential information that must be submitted regarding investment funds that are not authorized by the CSSF. This circular aims to enhance transparency and ensure compliance with regulatory standards.
Who Should Submit Information?
This circular applies to:
- Investment funds operating in Luxembourg that are not authorized by the CSSF.
- Entities managing or marketing these non-authorized funds.
Key Requirements
Entities must provide the following information to the CSSF:
- Fund Identification: Name, type, and structure of the fund.
- Manager Details: Information about the fund manager, including their regulatory status.
- Investment Strategy: A detailed description of the fund’s investment strategy and objectives.
- Risk Profile: An assessment of the risks associated with the fund.
- Marketing Activities: Information on how the fund is marketed and to whom.
Submission Process
All required information must be submitted electronically through the CSSF’s dedicated portal. It is crucial to ensure that all submissions are complete and accurate to avoid potential penalties.
Importance of Compliance
Adhering to the guidelines set forth in Circular CSSF 25/894 is vital for maintaining the integrity of the financial market in Luxembourg. Non-compliance can lead to significant repercussions, including:
- Fines and penalties.
- Reputational damage.
- Increased scrutiny from regulatory bodies.
Conclusion
In summary, Circular CSSF 25/894 serves as a critical framework for non-authorized investment funds in Luxembourg. By ensuring compliance with these regulations, entities can contribute to a more transparent and trustworthy financial environment.
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