CSSF Circulars 19/721 and 19/725 on Dematerialisation of Requests to the CSSF

On 1 July 2019, the CSSF published Circular 19/721 (the “Circular”) regarding dematerialisation of requests to the CSSF. The Circular establishes an eDesk portal to serve as a tool of communication between the CSSF and all Luxembourg regulated funds (UCITS, Part II UCIs, SIFs, SICARs) as well as securitisation vehicles, management companies and AIFMs. The Circular obliges all such entities to regularly consult the home page of the eDesk portal for various requests published there by the CSSF. The transmission of the required information must be performed exclusively in accordance with the instructions on the eDesk portal and other means of communication in this respect will not be accepted. An annexe to the Circular contains further information on the registration to the portal and opening two types of user accounts available to the in-scope entities and their employees.

On 29 July 2019, the CSSF published Circular 19/725 which extends the availability of the eDesk portal and all obligations related to it to credit institutions and investment firms incorporated under Luxembourg law and Luxembourg branches of credit institutions and investment firms having their registered office in an EU country or a third country.