In its press release 21/05 on 23 February 2021, the CSSF communicated the new procedure for approval of a new sub-fund under existing fund structures.
The process introduces the use of a single standardised questionnaire including information related to the Benchmark Regulation (“BMR”), the European Market Infrastructure Regulation (“EMIR”) and the Sustainable Finance Disclosure Regulation (“SFDR”). This new procedure replaces the previous one requiring the use of four questionnaires. As from 13 March 2021, the request for approval can exclusively be transmitted via the new single standardised questionnaire as the former procedure ceases to apply. The process is applicable to Undertakings Collective Investments (“UCIs”), Specialised Investment Funds (“SIFs”) and Sociétés d’Investissement en Capital à Risque (“SICARs”).
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