Important upcoming changes to the CSSF visa process applicable to prospectuses of CSSF regulated funds
Key features of the new system
- Unique identification number and date: Each prospectus will display a distinct identification number (format YYYY/NNNNNN-NNNNNN-N-PC) and e-Identification date on its first page.
- Dedicated eDesk application: Submissions for new or updated prospectuses will transition through the eDesk e-Identification Prospectus platform, equipped to support smoother automation through API integration.
Simplified procedures for amendments - A significant change accompanies this implementation. Amendments not requiring legal authorisation or prior CSSF review can now be integrated directly into the prospectus.
A detailed guide outlining these amendments, compliance conditions, and FAQs will be available via the eDesk platform on 20 March 2025. However, the CSSF reserves the right to review such changes retrospectively based on its risk-based approach.
Amendments or requests requiring prior CSSF review and approval under current laws will remain subject to existing procedures.
Benefits for market participants - This initiative reflects the CSSF's commitment to modernisation by simplifying processes and promoting efficiency. It delegates greater responsibility to fund governing bodies for regulatory compliance while maintaining robust oversight mechanisms.
Through the e-Identification system, participants in Luxembourg’s financial sector can expect a more seamless, transparent process that aligns with industry demands for innovation and operational efficiency.
CSSF’s communique can be found here.