Launch of a new weekly questionnaire to investment fund managers – updates on financial data and governance arrangements
With the objective to continue ongoing supervision of the investment fund sector during the current period of market turbulence, the CSSF issues a weekly questionnaire to investment fund managers (IFMs).
The objective of this questionnaire is to provide the CSSF with weekly updates on financial data (total net assets, subscriptions and redemptions) and an update on governance arrangements in relation to the activities performed 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) in view of the specific circumstances and risks to which these companies are exposed to during the current period of market turbulence. The collected information (on an aggregated basis) also serves the CSSF for the discussions at European and International level with other authorities and with market players to identify issues at an early stage and to assist with the resolution of these.
The CSSF asks for your cooperation to provide the questionnaire on a weekly basis by Wednesday close of business (COB) 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, shall be submitted to the CSSF by 22 April 2020 close of business. The following questionnaire covering the week from 20 April 2020 to 24 April 2020 shall then be delivered to the CSSF, in accordance with the general principles outlined in the User Guide available in the eDesk Portal, by Wednesday, 29 April 2020 close of business. The process repeats for the subsequent weekly questionnaires until further notice by the CSSF.
In order to support IFMs and to ensure a secured exchange platform, the response questionnaire shall be submitted by the IFM through the CSSF eDesk Portal. For that purpose, the IFM must have an eDesk account with a LuxTrust authentication. Should an IFM not yet have a LuxTrust authentication, it can also mandate a Luxembourg based service provider for the transmission of the questionnaire.
Further details on the questionnaire, the related scope of application and additional explanations assisting the IFMs in filling in the questionnaire are outlined in the dedicated section of the CSSF eDesk Portal homepage:
For any technical questions linked to e-desk platform, please contact: firstname.lastname@example.org.
If you have any other questions, do not hesitate to contact: email@example.com.