Last Updated on June 27, 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 essential information that must be submitted regarding investment funds that are not authorized by the CSSF. This circular is crucial for fund managers and stakeholders to ensure compliance and transparency in the investment landscape.
Key Objectives of the Circular
- Enhance Transparency: The CSSF aims to improve the transparency of non-authorized investment funds operating within its jurisdiction.
- Protect Investors: By requiring specific disclosures, the CSSF seeks to safeguard investors from potential risks associated with non-authorized funds.
- Facilitate Monitoring: The information submitted will assist the CSSF in monitoring the activities of these funds more effectively.
Information Requirements
Fund managers are required to submit the following information:
- Details of the fund’s structure and investment strategy.
- Information on the fund’s management team and their qualifications.
- Risk factors associated with the fund’s investments.
- Details on the fund’s performance and any relevant financial statements.
Submission Process
To comply with the requirements set forth in Circular CSSF 25/894, fund managers should:
- Prepare the necessary documentation as outlined in the circular.
- Submit the information to the CSSF through the designated channels.
- Ensure that all submissions are made in a timely manner to avoid penalties.
Conclusion
Adhering to the guidelines established in Circular CSSF 25/894 is essential for maintaining compliance and fostering a secure investment environment. Fund managers should take proactive steps to ensure that all required information is accurately submitted to the CSSF.