Questions/Réponses en matière de SICAR

The CSSF updated its FAQ on SICARs in Luxembourg, offering comprehensive guidance on regulatory aspects. It outlines steps for new SICAR authorization requests, specifying required documents and information for investment policy assessment. The document details prudential reporting requirements, stressing timely submission of financial information and audited reports. It emphasizes transparent investor information dissemination, including shareholder details and eligibility criteria. Specific guidelines for SICARs with multiple compartments are provided, aligning with standard SICAR principles. The FAQ delves into detailed criteria for investment policies, highlighting active management and fair valuation. Managing conflicts of interest is underscored, along with conditions for data transfer, emphasizing transparency and investor disclosure.
The present Version 4 deletes the answer to question 4, replaces the term “Central Administration” and other linked functions by “UCI administrator” in line with CSSF Circular 22/811 in questions 1 and 6.