Reporting Under the AIFMD for Luxembourg AIFMs and Non-EU AIFMs Marketing AIFs in Luxembourg

January 26, 2015

One of the key drivers for the AIFMD is to monitor systemic risk by, among other means, collecting relevant information through harmonized reporting by alternative investment fund managers (“AIFMs”) on their alternative investment funds (“AIFs”) managed or marketed in the EU. Reported information will be shared with ESMA, the financial regulators of EEA member states and the European Systemic Risk Board (“ESRB”).

The Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier (“CSSF”), has recently issued press release 15/04 (“Press Release”) in order to remind Luxembourg AIFMs and non-EU AIFMs that market AIFs in Luxembourg under the AIFMD as to their reporting obligations to the CSSF.

These obligations should be read in light of CSSF circular 14/581 on reporting obligations of AIFMs in accordance with the Luxembourg law of 12 July 2013 on alternative investment fund managers (“AIFM Law").This circular, issued in January 2014, provides technical guidance on reporting, which must be made electronically after completion of the process as laid out in the Press Release.

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