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ARTICLE · 03 APRIL 2025

Newsflash | New CSSF E-identification Procedure Replacing The Visa Stamp Procedure

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On 6 March 2025, the Commission de Surveillance du Secteur Financier (the CSSF) released a communication on a new upcoming evolution in the electronic VISA stamp procedure for the prospectus...

LuxembourgFinance and Banking
Aurélien Hollard
Aurélien Hollard
Benjamin Bada
Benjamin Bada
Julia Bruzzese
Julia Bruzzese
Julien Robert
Julien Robert
Margherita Armand-Hugon
Margherita Armand-Hugon
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Introduction

On 6 March 2025, the Commission de Surveillance du Secteur Financier (the CSSF) released a communication on a new upcoming evolution in the electronic VISA stamp procedure for the prospectus and offering document (the Prospectus) of UCITS, Part II UCIs, SICARs and SIFs (each a UCI) applicable from 1 April 2025. The declared objective of the new system is to simplify the administrative processes and enhance its efficiency. While an advantage to market participants will be provided, the responsibility of the governing body of the UCI will be enhanced to ensure compliance with regulatory requirements and uphold strong investor protection standards.

As announced in the press release, on 20 March 2025, the CSSF published on the eDesk the Guidelines on the e-identification procedure for UCI Prospectus (the Guidelines) including a list of amendments to the prospectus which do not legally require an ex-ante authorisation and review by the CSSF, the details

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