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Regulatory

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Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Petros Kiteos
Petros Kiteos
  • Petros Kiteos

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Consultant
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

IFM notification on fund issues and large redemptions via CSSF eDesk

Since 10 March 2020, the Commission de Surveillance du Secteur Financier (CSSF) has implemented monitoring of the largest investment fund managers (IFMs) in view of the specific circumstances and risks to which IFMs were exposed as a result of prevailing market conditions. Since then, these IFMs have had to notify the CSSF of any significant developments and/or issues as well related decisions and measures taken by them.

The information collected through this notification process assists the CSSF in performing its daily supervisory activities and serves as a basis for discussions with other authorities and market players to identify issues at an early stage and assist with their resolution.

The CSSF has now extended this monitoring to a greater number of IFMs and has integrated the accompanying notification process into its eDesk portal.

IFMs are required to notify the CSSF of fund issues and/or large redemptions (an IFM Notification) upon the occurrence of specific events.

The IFM Notification applies as from 2 June 2020 and the existing monitoring process established from 10 March 2020, is no longer applicable.

Further details on the IFM notification, the scope of application and additional explanations assisting IFMs in filing in the notification are outlined in the dedicated section of the CSSF eDesk portal homepage here.

CSSF’s statement can be found here.