CSSF: CSSF Feedback Report – Self-assessment questionnaire, separate report and management letter for funds

Last Updated on May 30, 2025 by Arnaud Collignon

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CSSF Feedback Report: Self-Assessment Questionnaire for Funds

The Commission de Surveillance du Secteur Financier (CSSF) has published important updates regarding the Self-Assessment Questionnaire (SAQ) for fund management. This initiative aims to enhance transparency and compliance within the fund management sector.

Key Highlights of the CSSF Feedback Report

  • Objective of the SAQ: The SAQ serves as a self-evaluation tool for investment funds to identify areas of improvement in governance, risk management, and compliance.
  • Separate Report and Management Letter: The CSSF provides a detailed feedback report alongside a management letter, ensuring that fund managers can effectively address any identified issues.
  • Focus on Best Practices: The report emphasizes the importance of adhering to best practices and regulatory requirements.
  • Continuous Improvement: Fund managers are encouraged to use the feedback provided to implement necessary changes and enhance operational efficiency.

Why is this Important?

The feedback report is not just a regulatory obligation; it is a valuable opportunity for growth. By engaging with the SAQ process, fund managers can:

  • Identify potential weaknesses in their operations
  • Strengthen their compliance frameworks
  • Enhance investor confidence through transparency and accountability

Next Steps for Fund Managers

Fund managers should carefully review the feedback report and consider the following steps:

  • Conduct an internal review based on the feedback provided
  • Develop a clear action plan to address any identified issues
  • Engage with stakeholders to communicate improvements and bolster trust

External Links

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