On 9 April 2020, the Commission de Surveillance du Secteur Financier (CSSF) announced the launch of a new weekly questionnaire to be completed by Investment Fund Managers (IFMs). The objective is to continue ongoing supervision of the investment fund sector during the current period of market turbulence and to provide the CSSF with weekly updates on financial data (total net assets, subscriptions and redemptions). The form is to be completed by IFMs established in Luxembourg or in other European/non-European countries and managing at least one UCITS, AIF and/or any other UCI (not qualifying as AIF).
The questionnaire is to be submitted on a weekly basis by Wednesday close of business at the latest. In order to allow sufficient time for IFMs to prepare in the current context, the first questionnaire, covering the week from 13 April 2020 to 17 April 2020, must be submitted to the CSSF by 22 April 2020.
In order to support IFMs and to ensure a secured exchange platform, the response questionnaire should be submitted by the IFM through the CSSF eDesk portal. Further details on the questionnaire, the related scope of application and additional explanations assisting the IFMs in completing the questionnaire are outlined in the dedicated section of the CSSF eDesk portal homepage.
CSSF’s announcement can be found here.