On 1 July 2019, the Commission de Surveillance du Secteur Financier (CSSF) issued a press release concerning the packaged retail and insurance-based investment products (PRIIPs). The regulator requires all SIFs, Part II UCIs and SICARs to complete an online assessment available on the eDesk portal as specified in Circular 19/721 (Dematerialisation of requests to the CSSF).
As securities or partnership interests issued by Luxembourg regulated investment funds are likely to qualify as PRIIPs, the regulator would like to obtain an overview of the impact of the PRIIPs Regulation on Luxembourg-regulated investment funds. The Luxembourg regulator requires completion of the online assessment by 31 October 2019.
If you have any questions, please contact Vanessa Molloy or your usual Harneys contact.