On 12 February 2025, the Commission de Surveillance du Secteur
Financier (CSSF) introduced a streamlined
and more efficient procedure for the creation of new share classes
in investment funds, thereby eliminating the need for a prospectus
update.
The simplified procedure applies to various fund types,
including UCITS, UCI Part II, Specialised Investment Funds (SIFs),
and Investment Companies in Risk Capital (SICARs). Importantly, in
order to make use of the new procedure, the characteristics of the
new share classes must already be defined in the current version of
the fund's prospectus.
To proceed, submissions must follow certain principles specified
by the CSSF in their dedicated form, here, as well as include all relevant details
of the share classes in a standardised table provided in this
form.
