Investment Fund Managers: Declare Your Performance Fee Models Via A New Dedicated CSSF EDESK Application

_Following the Circular CSSF 20/764 of 18 December 2020 - which had integrated the ESMA Guidelines 34-39-992 on performance fees in UCITS and certain types of AIFs into CSSF's administrative practices and regulatory approach - on 22 September 2021 the CSSF issued a tailored communication to invite investment fund managers to declare via a new dedicated eDesk application the performance fee models applicable to Luxembourg UCITS and AIFs under their management.

As a reminder, Circular CSSF 20/764 (as well as ESMA Guidelines) should apply to performance fees in UCITS and to AIFs managed by an AIFM, when the AIFM markets the AIF to retail investors, except for closed-ended AIFs and open-ended AIFs that are EuVECAs (or other types of venture capital AIFs), EuSEFs, private equity AIFs or real estate AIFs.