The simplified procedure applies to various fund types, including UCITS, UCI Part II, Specialised Investment Funds (SIFs), and Investment Companies in Risk Capital (SICARs). Importantly, in order to make use of the new procedure, the characteristics of the new share classes must already be defined in the current version of the fund’s prospectus.

To proceed, submissions must follow certain principles specified by the CSSF in their dedicated form, here, as well as include all relevant details of the share classes in a standardised table provided in this form.

For further guidance, the CSSF’s communique can be found here.