Luxembourg:
The CSSF Introduces A New EDesk Module For The Declaration Of Performance Fees By Investment Fund Managers Of Luxembourg-based UCITS And/or AIFs They Manage As From 30 September 2021
25 September 2021
NautaDutilh Avocats Luxembourg
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Further to publication by the European Securities and Markets
Authority ("ESMA") of guidelines on performance fees in
November 2020 (applicable since 6 January 2021), the CSSF issued
Circular CSSF 20/764 on 18 December 2020 and integrated the
Guidelines into its administrative practice and regulatory
approach, with the aim of ensuring proper disclosure to investors
of performance-fee models in accordance with the
Guidelines.
In this context, the CSSF has introduced a new eDesk module on
performance fees and will require the investment fund managers
("IFMs") of Luxembourg-based UCITS or AIFs they
manage to complete a questionnaire, as from 30 September
2021.
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The content of this article is intended to provide a general
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