By means of a press release dated 22 September 2021, the CSSF
announces a new requirement for a performance fee declaration to be
made as from 30 September 2021 on eDesk by IFMs for the Luxembourg
regulated UCITS and AIFs they manage.
The declaration is to be made by Investment Fund Managers
("IFM") with respect to UCITS and AIFs,
including their sub-funds ("Funds") by means of
completing a predefined form on eDesk. For the avoidance of any
doubt, the form also needs to be completed for AIFs which are out
of scope of the ESMA Guidelines on performance fees applicable to
UCITS and certain types of AIFs in order to declare that they are
out of scope.
The form will be available as from 30 September 2021 for all
Funds whose financial year is ending between July 2021 and December
2021. As from January 2022, the form will be requested for Funds
whose financial year is ending between January 2022 and June 2022.
The deadline for submission of the initial declaration will
