{"id":"circulars/faq-faq-circular-cssf-25-894","title":"FAQ – Circular CSSF 25/894","type":"circular","date":"2025-06-27","kind":"faq","html":"<p>FAQ – Circular CSSF 25/894 is a CSSF FAQ, published 27 June 2025.</p>\n<p>Relevant for: AIFMs, Management companies - Chapter 15.</p>\n<p>Keywords: AIF (alternative investment fund), eDesk, ELTIF, EuSEF, EuVECA.</p>\n<h2>Text</h2>\n<p>FAQ - Circular CSSF 25/894 Information to be submitted to the CSSF in relation to investment funds non-authorised by the CSSF Version 2 – 03/10/25</p>\n<p>In case of discrepancies between the French and the English texts, the French text shall prevail.</p>\n<p>FAQ - Circular CSSF 25/894 Information to be submitted to the CSSF in relation to investment funds non-authorised by the CSSF Version 2 – 03/10/25</p>\n<p>03/10/2025</p>\n<p>Addition of questions 9 and 10, update of question 8</p>\n<p>26/06/2025</p>\n<p>First publication - Version 1 (only in French)</p>\n<p>Table of Contents 1.</p>\n<p>What new elements are introduced by the new Circular CSSF 25/894 amending</p>\n<p>Circular CSSF 15/612? ................................................................................................. 4 Published on: 26 June 2025 .................................................................................. 4 2.</p>\n<p>Can a fund that is in the process of being set up be notified under the circular? 4 Published on: 26 June 2025 .................................................................................. 4</p>\n<p>Can the management of an AIF in the process of being set up be notified under</p>\n<p>the freedom to provide services or via a branch notification under Article 33 of the AIFMD? ........................................................................................................................ 4 Published on: 26 June 2025 .................................................................................. 4 4.</p>\n<p>Is it necessary to notify the CSSF in the event of a change of AIFM or of the</p>\n<p>status from an authorised AIF to a non-authorised AIF? ............................................. 4 Published on: 26 June 2025 .................................................................................. 4 5.</p>\n<p>Must a non-authorised AIF established in Luxembourg but authorised as an</p>\n<p>ELTIF for at least one of its compartments be notified under the circular? .................. 5 Published on: 26 June 2025 .................................................................................. 5 6.</p>\n<p>How must the funds concerned by the circular transmit their financial reports</p>\n<p>to the CSSF? ................................................................................................................. 5 Published on: 26 June 2025 .................................................................................. 5 7.</p>\n<p>Is the AIFM required to inform the CSSF if the managed AIF is in liquidation? . 5 Published on: 26 June 2025 .................................................................................. 5</p>\n<p>What are the main acceptable configurations for IFMs, the funds they manage</p>\n<p>and the service providers for these funds? .................................................................. 5 Modified on: 3 October 2025................................................................................ 5</p>\n<p>FAQ CIRCULAR CSSF 25/894 INFORMATION TO BE SUBMITTED TO THE CSSF IN RELATION TO INVESTMENT FUNDS NON-AUTHORISED BY THE CSSF Version 2 – 03/10/25</p>\n<p>What should be done if all the fund’s service providers have not been</p>\n<p>definitively appointed at the time of the fund launch? ................................................. 9 Published on: 26 June 2025 .................................................................................. 9 10.</p>\n<p>Does the circular apply retroactively? ............................................................. 10 Published on: 3 October 2025 ............................................................................ 10</p>\n<ol start=\"11\">\n<li></li>\n</ol>\n<p>What are the deadlines for submission specified in section 5 of the circular? . 10 Published on: 3 October 2025 ............................................................................</p>\n<p>The text above is the opening of the document; the PDF carries the whole.</p>\n<p><a href=\"https://www.cssf.lu/en/Document/faq-circular-cssf-25-894/\" target=\"_blank\" rel=\"noreferrer\">Document page</a>, <a href=\"https://www.cssf.lu/wp-content/uploads/QR_cssf25_894_en.pdf\" target=\"_blank\" rel=\"noreferrer\">PDF</a>. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.</p>"}