Further to its communication on 31 August 2021, the Luxembourg Regulator (Commission de surveillance du secteur financier, CSSF) decided that there will be no longer a requirement to request a liquidation period extension for funds in non-judicial liquidation. The status of the liquidation will be monitored via the semi-annual reports on the progress of the liquidation to be submitted by the liquidator (i) no later than 30 September of the same calendar year (for the period from 1 January to 30 June) and (ii) no later than 31 March of the following year (for the period from 1 July to 31 December). However, any significant issue shall still be reported to the CSSF without delay and therefore the liquidator should not wait until issuing the semi-annual report.

For liquidation of sub-funds (i.e for sub-funds of funds that are on the official list and consequently not in non-judicial liquidation), the request for extension requests are still required when the nine-month deadline is reached.

For any further questions, feel free to contact our investment management team.