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ARTICLE · 04 JANUARY 2024

CSSF Feedback Report On ESMA CSA On Valuation

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

Further to the publication by ESMA of its report on the Common Supervisory Action ("CSA") on valuation in May 2023 ("CSA on Valuation"), the CSSF published its own feedback report...

LuxembourgFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

Further to the publication by ESMA of its report on the Common Supervisory Action ("CSA") on valuation in May 2023 ("CSA on Valuation"), the CSSF published its own feedback report on 18 July 2023 based on the analysis of the Luxembourg-domiciled investment fund managers ("IFMs") managing undertakings for collective investment in transferable securities ("UCITS")/open-ended alternative investment funds ("Report").

ESMA highlighted that the national competent authorities considered that there is an overall satisfactory level of compliance of the investment fund managers with the applicable regulatory requirements in the sample but also noted some shortcomings and vulnerabilities.

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