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ARTICLE · 13 MARCH 2025

CSSF Introduces New System To Replace Current VISA Stamp Procedure

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On March 6, 2025, the CSSF published a communiqué on a new "e-Identification" system, which will replace the current VISA procedure for the prospectuses of UCITS, Part II UCIs, SICARs, and SIFs, in April 2025.

United StatesFinance and Banking
A&O Shearman
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On March 6, 2025, the CSSF published a communiqué on a new "e-Identification" system, which will replace the current VISA procedure for the prospectuses of UCITS, Part II UCIs, SICARs, and SIFs, in April 2025.

This new system aims to modernise administrative procedures, enhance efficiency while ensuring robust investor protection standards. The CSSF also seizes this opportunity to introduce a list of amendments to the prospectus, which do not legally require authorisation and prior review by the CSSF. A new guide will be made available on eDesk not only including (i) the details of the procedure, (ii) the list of amendments covered, (iii) the applicable conditions and (iv) a FAQ section, but also a technical part to facilitate the IT and operational implementation. This guide will be published on March 20, 2025.

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