Published on 27 June 2025
Communiqué

Reform of Circular CSSF 15/612 – Evolution of the scope of application and information to be submitted

As the competent authority for the supervision of IFMs, the CSSF must have exhaustive knowledge at all times of all funds managed by IFMs established in Luxembourg. In this context, Circular CCSF 15/612 will be repealed and replaced by Circular CSSF 25/894 – Information to be submitted to the CSSF in relation to investment funds non-authorised by the CSSF, which will take effect from 27 June 2025.

Evolution of the scope of application

The scope of the new circular is broader, as it applies to all funds non-authorised by the CSSF that are managed by a Luxembourg IFM. These IFMs must now notify the CSSF of their management of European UCITS and European AIFs via the dedicated eDesk procedure. In principle, these notifications must be made prior to the notifications relating to the European management passport under the freedom to provide services or the freedom of establishment.

Evolution of the information to be submitted

For each notified fund, the IFM should, if applicable, indicate the following fund’s service providers, in addition to those already requested in the form:

  • UCI administrator(s);
  • portfolio management delegate(s) and sub-delegate(s).

Entry into force of the new circular

Circular CSSF 25/894 will come into force on 27 June 2025, the date on which Circular CSSF 15/612 will be repealed.

Circular CSSF 25/894 is available under the link in the table below.