Luxembourg funds: weekly reporting to the CSSF to start from 22 April

16 April 2020

In light of the continuing Covid-19 outbreak and ensuing market disruption, the Luxembourg regulator (CSSF) has launched an information-gathering exercise to help it identify any systemic issues building up in funds falling within its regulatory ambit.

It has therefore requested:

  1. Luxembourg-based fund managers (including UCITS managers and AIFMs); and 
  2. non-Luxembourg managers managing Luxembourg-based funds,

to submit weekly reports via the CSSF’s “eDesk” portal. 

These reports are to include data on the funds’ total net assets, subscriptions and redemptions, as well as certain governance-related information (e.g. relating to the activation of business continuity plans).

The first weekly report – for the period from 13 April to 17 April – must be submitted by close of business on Wednesday 22 April. Thereafter, reports should be filed by close of business every Wednesday for the preceding working week, until further notice.

Fund managers with Luxembourg funds should therefore make sure they add this new CSSF reporting requirement to their lists of regular regulatory filings.