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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
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
Matt Taber
Matt Taber
  • Matt Taber

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

  • Group General Counsel
  • Cayman Islands

CSSF’s update regarding the requirement to submit liquidation period extension requests for funds

On 31 August 2021, the Commission de Surveillance du Secteur Financier (CSSF) issued an update to advise that the liquidation period extension requests for funds in non-judicial liquidation will no longer be required, effective immediately.

The deadlines for submission of the half-yearly progress reports are as follows:

  • Report covering the period from 1 January to 30 June – to submit the report no later than 30 September of the same calendar year
  • Report covering the period from 1 July to 31 December – to submit the report no later than 31 March of the following year.

The CSSF will monitor the status of the liquidation via the semi-annual reports on the progress of the liquidation submitted by the liquidator who will be using the form available on the CSSF website.

The CSSF has reminded liquidators of the obligation to report any significant issues without delay, they should not wait until issuing the semi-annual report.

Liquidation period extension requests for sub-funds of funds that are on the official list and consequently not in non-judicial liquidation are still required when the nine-month deadline is reached.

CSSF’s press release can be found here.