Update CSSF document upload

Update CSSF document upload: New transmission procedures for asset managers

The CSSF (Commission de Surveillance du Secteur Financier) has fundamentally revised the procedures for transmitting the Key Information Document (KID) and other regulatory documents (MR/AI). These changes will enter into force on 15 November 2024 and affect all asset managers that manage or distribute funds in Luxembourg.

As already announced in the communication of 5 April 2024, two digital transmission methods will be available from this date to ensure a more efficient and secure exchange:

1. Document upload via eDesk:
   A dedicated portal through which documents can be manually uploaded and submitted directly to the CSSF.
   
2. Automated API transmission:
   For asset managers processing larger volumes of data, the CSSF offers an API-based solution via the S3 protocol. This enables direct, automated transmission.

Important information for asset managers

• Exclusive use of the new channels:
  From 15 November 2024, the CSSF will only accept the transmission of documents via an eDesk or API channel.
  
• Discontinuation of the old transmission methods:
  Documents submitted via the previous channels will no longer be considered! This requires rapid adaptation of internal processes to comply with the new standards.

What does this mean for asset managers?

Switching to the new procedures is not only a technical challenge, but also requires strategic decisions in process design. This is where we come in. With extensive experience in state-of-the-art technologies and the latest regulatory compliance requirements in asset management, we offer solutions that are specifically tailored to the needs of the industry:

• Consultancy and implementation: support with the integration of the new API interface or the use of the eDesk portal.
  
• Regulatory compliance: Ensuring that all CSSF requirements are met.
  
• Technological customisation: Development of customised IT solutions that can be seamlessly integrated into existing systems.

Efficient and future-proof with LPA

The CSSF’s new transmission procedures offer the opportunity to digitalise processes and make them more efficient in the long term. With our services, we help you to successfully implement this changeover and ensure regulatory compliance.

Contact us to optimise your processes in line with the new requirements.

LPA – your partner for innovative and sustainable asset management solutions.