The CSSF, in agreement with the Banque Centrale du Luxembourg (BCL), has recently published a new circular (Circular CSSF 14/588) which modifies the data collection system for money market funds (“MMF”) and non-MMF investment funds.
In comparison with the current statistical data collection, the modifications consist of new versions of the current reports as well as an extension of the reporting population. As regards this latter point, investment companies in risk capital (SICAR) are added to the current reporting population.
So the investment vehicles subject to this reporting obligation now include the following entities:
- undertakings for collective investment (UCI) governed by the Law of 17 December 2010;
- specialised investment funds (SIF) governed by the Law of 13 February 2007;
- investment companies in risk capital (SICAR) governed by the Law of 15 June 2004.
The investment vehicles are subject to the following reporting:
- all compartments of MMF are invited to provide the required reports for the reference period of December 2014 at the latest on 15 January 2015;
- all compartments of investment vehicles are invited to provide the required reports for the reference period of December 2014 at the latest on 30 January 2015.
The whole set of instructions for the statistical reporting is published and can be downloaded from the BCL’s website under the heading “Regulatory reporting”.
The Circular replaces and repeals BCL Circular 2013/231 - CSSF Circular 13/564 “Modification of the statistical data collection for money market funds and investment funds” with effect from 1 January 2015.
