Application Questionnaire For UCITS

On September 1st 2014, the Commission de Surveillance du Secteur Financier (the "CSSF") published Press Release 14/47 (the "Press Release") relating to the introduction of a new form "Application questionnaire to set up an UCITS" (the "New Application Questionnaire"). This New Application Questionnaire replaces the current form "Application questionnaire for the setup of an undertaking for collective investment" and has to be used as from September 1st 2014 for submitting to the CSSF an application for approval to set-up an UCITS.

The New Application Questionnaire is an Excel spreadsheet where all the contents and topics necessary for the examination of a file are compiled in different tabs, each tab offering a series of footnotes and drop-down lists. The CSSF advises the applicants to file their application only once all the components of the projects are fully available and stable; otherwise the start or the swift progress of the approval process may be jeopardized and unexpected delays may occur.

Application files are to be...