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ARTICLE · 29 DECEMBER 2021

New CSSF Circulars Reforming The Long Form Report

Arendt & Medernach
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On 22 December 2021, the Commission de Surveillance du Secteur Financier ("CSSF") published three new circulars dated 17 December 2021 effectively reforming the Long Form Report

LuxembourgFinance and Banking
Michèle Eisenhuth
Michèle Eisenhuth
Claude Niedner
Claude Niedner
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On 22 December 2021, the Commission de Surveillance du Secteur Financier ("CSSF") published three new circulars dated 17 December 2021 effectively reforming the Long Form Report:

  1. A circular for Luxembourg undertakings for collective investment ("Circular 21/790").
  2. A circular addressed to Luxembourg-authorised investment fund managers ("Circular 21/789").
    The main innovations of these circulars are, on the one hand, their scope; and on the other hand, the creation of two new documents: the self-assessment questionnaire ("SAQ") to be prepared by in-scope investment fund managers ("IFMs"), respectively by regulated undertakings for collective investment ("UCIs") and the separate report ("SR") to be prepared by the independent auditor, the réviseur d'entreprises agréé("REA"), both of which the CSSF provides via its eDesk portal.

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