European label reporting

This page details the reporting obligations specific to funds holding one of the following European labels:

• European long-term investment funds (“ELTIFs”);
• Money Market Funds (“MMFs”);
• European social entrepreneurship funds (“EuSEFs”);
• European venture capital funds (“EuVECAs”).

The reporting obligations applicable to the following UCIs:

• undertakings for collective investment in transferable securities subject to Part I of the Law of 17 December 2010 (“UCITS”),
• undertakings for collective investment subject to Part II of the Law of 17 December 2010 (“Part II UCIs”),
• specialised investment funds governed by the Law of 13 February 2007 (“SIFs”),
• investment companies in risk capital governed by the Law of 15 June 2004 (“SICARs”)

are described on our dedicated reporting page.

The reporting obligations applicable to ELTIFs, MMFs, EuSEFs and EuVECAs that are not UCITS, Part II UCIs, SIFs or SICARs are limited to:

• the regulatory reporting required in the event of NAV calculation errors, non-compliance with investment rules and other errors at UCI level (Circular CSSF 24/856), in accordance with the scope defined in Circular CSSF 24/856 ;
• the MMF Reporting.

• Content: detailed information in the event of a significant error in the calculation of the net asset value, a failure to comply with the investment rules or other errors as specified in Circular CSSF 24/856
• Submission deadline: the notification period is a maximum of four to eight weeks from the date of detection of the error/non-compliance
• Transmission: eDesk procedure “UCI notification in accordance with Circular CSSF 24/856” or API channel (S3)
• Legal/regulatory reference: Circular CSSF 24/856

• Content: financial information on money market fund managers
• Frequence: quarterly or annual depending on assets under management
• Submission deadline: within 30 days of the end of the quarter/year, depending on frequency
• Format : XML
• Transmission : e-file or SOFiE
• Legal/regulatory reference: Article 37 of the Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds and Circulars CSSF 20/734, 25/877 et 20/736
• Additional information:
  • In Commission Implementing Regulation (EU) 2018/708 of 17 April 2018, the European Commission lays down the implementing technical standards as regards the template to be used by money market fund managers for the reports to the competent authorities provided for in Article 37 of Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds.
  • The European Securities and Markets Authority (ESMA) has published guidelines on “Money market fund reporting – technical reporting instructions“, relating to the technical reporting instructions, validation rules and XSD reporting schemes to be adopted (Ref. ESMA65-8-6480).
  • In addition, a specific version of the auth.093.001.001 ISO20022 message definition must be used by money market fund managers.
  • In addition, on 19 July 2019, ESMA published the “Guidelines on the reporting to competent authorities under Article 37 of the MMF Regulation (Ref. ESMA/34-49-168)“.