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By Dr. Sebastiaan Niels Hooghiemstra, Loyens Loeff Luxembourg *
The Commission de Surveillance du Secteur Financier (the “CSSF”) published on 6 March 2025 a communiqué in which it announced an evolution in the electronic VISA “stamp” procedure for the prospectuses of UCITS, Part II UCIs, SICARs and SIFs (together, “UCIs”) applicable as from 1 April 2025. The so-called “e-identification procedure” modernizes the CSSF’s administrative procedure while enhancing efficiency and ensuring compliance. On 20 March 2025, the CSSF published on eDesk guidelines (the “Guidelines”) that specify the above-mentioned procedure and contains (i) details on the new procedure, (ii) technical guidance on the IT application and (iii) an FAQ section. This contribution discusses...
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