Last Updated on January 26, 2025 by Arnaud Collignon
What is the BCL S 4.4 Marketing Countries Report?
The report should include the percentage of shares or units issued by the investment fund, broken down by the countries where the fund is marketed. For each country, you need to estimate what percentage of the total shares or units were sold there.
| ITEM | COUNTRY | PERCENTAGE |
| 2-004000 Units/shares issued by marketing country | BE | 50 |
| 2-004000 Units/shares issued by marketing country | LU | 50 |
What is the frequency of the BCL S 4.4 report?
Report S 4.4 must be submitted to the BCL annually, no later than 14 weeks after the end of the relevant reporting period.
Who must send BCL S 4.4 reporting?
Report S 4.4 must be submitted by all investment funds authorized by the CSSF.
The BCL may grant a derogation from the annual reporting requirements to AIF that are not authorized by the CSSF, provided that their total assets remain below a specified threshold. For investment funds with multiple compartments, the total assets are considered as the sum of all compartments. The threshold is initially set at EUR 300 million. If necessary, the BCL may revise this threshold through a circular letter.
Report S 4.4 must be submitted by all alternative investment funds that are not authorized by the CSSF and do not qualify for a derogation.
How should the S 4.4 & S 2.20 BCL report be submitted?
The S 4.4 and S 2.20 BCL report must be submitted in XML format. It should be sent to the BCL via the eFile and SOFIE platforms. These systems are used for secure online submission of regulatory reports to the BCL.
Fund XP develop an XLS converter that helps investment funds easily generate accurate XML reports by converting spreadsheet data into the required format for regulatory submissions.
What is the BCL S 2.20 QUaterly information report?
The S2.20 is the equivalent of the CSSF U1.1 for non-authorized AIF.
The S 2.20 “Quarterly Financial Information” report provides a comprehensive overview of an investment fund’s financial status for a given reference quarter. It includes detailed sections on general information about the fund and its sender, such as identification, institution type, and contact details. The report also includes key financial data like the net asset value (NAV) for both the overall fund and individual unit/share classes. Further, it details financial activities such as the issuance and redemption of shares, distributions made, and the income and expenses incurred during the quarter. Specific sections cover investment income (e.g., dividends and interest), administrative and operational expenses (e.g., management fees, audit costs), and performance-related metrics, providing a thorough financial snapshot of the fund’s operations during the reporting period.
What is the frequency of the BCL S 2.20 report?
Report S 2.20 must be submitted to the BCL quarterly, no later than 20 working days after the end of the relevant period.
Who must send BCL S 2.20 reporting?
Report S 2.20 must be submitted by alternative investment funds that are not authorized by the CSSF (NAF). Investment funds directly supervised by the CSSF, i.e., those that require CSSF authorization, are exempt from this reporting.
The BCL may grant a derogation from the monthly and quarterly reporting requirements for alternative investment funds not authorized by the CSSF, provided their total assets remain below a specified threshold. For funds with multiple compartments, the total assets are considered across all compartments.
The initial threshold is set at EUR 300 million, and the BCL may adjust this amount if necessary through a circular letter.
More information : https://www.bcl.lu/en/Regulatory-reporting/Fonds_Investissement/Instructions/index.html
