CSSF U1.1

1. DATA VALIDATION CHECKS

   Implement automated validation checks to ensure that the data entered into the Excel template complies with CSSF reporting requirements.

2. SCALABILITY AND FLEXIBILITY FOR ALL DATA FORMATS

   Our solution is able to automate the process of gathering and organizing the required information from multiple sources, such as fund accounting systems, portfolio management systems, and trade execution systems.

   The solution is able to handle large volumes of data and is able to support the growth of a Management Company business over time.

   For small volumetry, we also provide an intuitive Excel template to fulfil.

3. TIMELINESS

   Our fully automatic solution enables investment funds to meet the required reporting deadlines and ensure that the reported information is up-to-date.

4. USER FRIENDLY

   Design an intuitive and user-friendly interface within Excel to facilitate easy data entry and manipulation for users responsible for completing the report. Include drop-down lists, data pickers, and other UI elements to streamline the input process.

5.  FILING

   Ready for electronic filing, and ensure compatibility with CSSF’s submission requirements.

   Optionaly, we can do the secure filing to the authorities and the feedback fellowship.

6. SUPPORT

   Provide documentation, tooltips, and in-app guidance to support users in understanding the reporting requirements and utilizing the features effectively.

To which entities do the reporting obligations apply?

The reporting obligations apply to all Luxembourg domiciled UCIs subject to the law of 17 December 2010, SIFs subject to the law of 13 February 2007 and SICARs subject to the law of 15 June 2004.

What is the reporting frequency?

Reports must be delivered each month, on the tenth calendar day of the month following the reference month at the latest.

What data fields and information need to be included in the report?

• General information on the report and the sender.
• General information on the UCI
• Financial information on the UCI in the base currency of the UCI:
  • NAV
  • Proceeds from all units/shares issued
  • Payments made for all units/shares redeemed
  • Total distributions made
• General information on the unit/share class
• Financial information on the unit/share class:
  • Number of units/shares outstanding
  • Net asset value per unit/share in the base currency of the UCI
  • Net asset value per unit/share in the base currency of the unit/share class
  • Net return per unit/share in the base currency of the unit/share class
  • Proceeds from units/shares issued in the base currency of the UCI
  • Payments made for units/shares redeemed in the base currency of the UCI
  • Total distributions made in the base currency of the UCI
  • Amount of distributions made per unit/share in the base currency of the UC
  • Amount of distributions made per unit/share in the base currency of the unit/share class
• Information on investment income and expenses for the reference month in the base currency of the UCI:
  • Dividends
  • Interest on bonds and other debt securities
  • Bank interest
  • Other income
  • Charges
  • Performance fees
  • Other expenses
  • Net realised profit or loss on investments and foreign exchange positions
  • Net unrealised profit or loss on investments and foreign exchange positions

How should data be formatted and structured for submission?

Files must be submitted in XML using a strict naming convention, eg:

U11REP-B00000012-O00008450-00000002-201512-RAP-1421893257541.xml

Reporst must be encrypted and sent using one of the 2 allowed communication channel (SOFiE or E-File), in a near futur using the CSSF S3.

What is the consequence of incorrect or delayed submission?

In accordance with the law, the CSSF has the authority to levy an administrative penalty ranging from EUR 125 to EUR 12,500 if financial reports are not submitted or if additional requested information is not provided, or if the provided information is found to be incomplete, inaccurate, or false.