CSSF Circular 22/810 - Pre-marketing and Cross-border Marketing Notification Procedures

Update
13.05.2022
On 12 May 2022, the CSSF published Circular 22/810 on the procedures to be followed by Luxembourg-based undertakings for collective investment in transferable securities (UCITS) and investment fund managers in order to notify pre-marketing or cross-border marketing of units or the discontinuation of such activities.

The circular follows the introduction of an additional notification procedure for the discontinuation of cross-border marketing of sub-funds of UCITS and alternative investment funds (AIFs) and new requirements for alternative investment fund managers (AIFMs) in the event of pre-marketing, as described in Directive 2019/1160 of the European Parliament and the Council of 20 June 2019. 

Circular 22/810 indicates that the new procedures will gradually be made available on the CSSF's eDesk. CSSF Circular 22/810 is available only in French. 

Due to the introduction of Circular 22/810, Circular 11/509 will be repealed.

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