New weekly questionnaire to Investment Fund Managers
Considering the current period of market turbulence due to the Covid-19, the CSSF issues a weekly questionnaire to investment fund managers (IFMs).
The objective of this questionnaire is to provide the CSSF with weekly updates on financial data (total net assets, subscriptions and redemptions) and an update on governance arrangements in relation to the activities performed by IFMs established in Luxembourg or in other European/non-European countries and managing at least one UCITS, AIF and/or any other UCI (not qualifying as AIF) in view of the specific circumstances and risks to which these companies are exposed to during the current period. The collected information also serves for the discussions at European and International level with other authorities and with market players to identify issues at an early stage and to assist with the resolution of these.
The questionnaire has to be provided on a weekly basis by Wednesday close of business (COB) at the latest. The first questionnaire, covering the week from 13 April 2020 to 17 April 2020, shall be submitted to the CSSF by 22 April 2020 close of business. The following questionnaire covering the week from 20 April 2020 to 24 April 2020 shall then be delivered to the CSSF, in accordance with the general principles outlined in the User Guide available in the eDesk portal, by Wednesday, 29 April 2020 close of business. The process repeats for the subsequent weekly questionnaires until further notice by the CSSF. In order to support IFMs and to ensure a secured exchange platform, the response questionnaire shall be submitted by the IFM through the CSSF eDesk portal.