law of 20 December 2002 - Alfi

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Option…………………… 67, 68, 116, 117, 123, 178, 186, 228, 231, 241, 244, 251, 252, 253OTC… ………………………………… 26, 27, 28, 86, 226, 227, 229, 233, 234, 235, 237, 240Own funds……………………………………………………… 12, 40, 41, 43, 177, 186, 192, 239PPar value… ………………………………………………………………………… 22, 66, 127, 129Parent undertaking… ……………………………………………………………… 12, 42, 60, 174Participating shares………………………………………………………………………………… 23Participation… ………………………………………………………………………………… 12, 157Pension fund………………………………………………………… 39, 65, 95, 177, 192, 193, 198Portfolio……………4, 17, 21, 27, 30, 35, 37, 38, 42, 44, 46, 47, 65, 74, 78, 81, 82, 84, 88, 92,98, 99, 100, 106, 107, 114, 115, 116, 117, 118, 121, 128, 129, 141, 150, 154, 166, 170,172, 187, 189, 192, 193, 198, 201, 203, 207, 210, 211, 227, 228, 229, 230, 231, 232, 237,239, 242, 243, 244, 245, 246, 249, 250, 252, 254Portfolio turnover rate……………………………………………………………………… 201, 203Price (issue)… ……………………………………………………………………………… 15, 22, 72Private (offer)… ……………………………………………………………… 15, 20, 24, 35, 36, 37Probable realisation value… ………………………………………………… 16, 22, 38, 114, 170Promoter… ………………………………… 113, 130, 144, 145, 146, 147, 148, 149, 150, 151Prospectus…………… 4, 6, 7, 27, 30, 50, 58, 59, 60, 61, 62, 66, 72, 73, 76, 77, 80, 95, 97,99, 100, 113, 115, 121, 122, 123, 124, 125, 126, 129, 130, 131, 132, 133, 134, 142, 143,148, 150, 155, 157, 158, 174, 175, 177, 182, 184, 185, 190, 191, 201, 202, 203, 204, 206,207, 212, 213, 215, 216, 217, 218, 221, 230, 232, 238, 250Prospectus law…………………………………………………………………… 214, 215, 216, 217Prudential supervision……………… 10, 26, 28, 39, 43, 44, 173, 186, 190, 191, 193, 209, 233,250, 251, 252, 253, 254Publication…………… 16, 22, 57, 61, 68, 72, 77, 87, 89, 95, 131, 133, 149, 175, 177, 178,184, 185, 212, 216, 247Public offer…………………………………………………………………………………… 50, 215QQualifying holdings… …………………………………………………………………… 12, 42, 191RRecently issued transferable securities… ………………………………………………… 25, 74Redemption… ……………………………………………… 5, 14, 16, 17, 18, 19, 22, 23, 30, 31,35, 36, 38, 62, 63, 71, 72, 93, 95, 100, 101, 102, 103, 106, 107, 110, 113, 121, 124, 128,145, 148, 157, 158, 166, 169, 182, 203, 205, 206, 207, 251, 253, 254Register……………………………………………15, 22, 70, 78, 97, 98, 102, 103, 104, 121, 123Registered office… ………… 10, 11, 13, 14, 17, 24, 26, 28, 31, 34, 35, 41, 48, 54, 69, 72, 94,176, 181Registration duties… ……………………………………………………………………………… 57Regulated market……………7, 12, 25, 26, 50, 74, 82, 83, 84, 110, 111, 113, 115, 116, 119,125, 126, 153, 155, 199, 214, 215, 216, 217, 226, 252, 253, 255Repurchase… ……… 14, 71, 72, 83, 115, 119, 155, 156, 157, 170, 214, 231, 249, 251, 252,253, 254, 255, 256Repurchase transactions… …………………………… 119, 155, 156, 157, 231, 249, 251, 255Reverse repurchase……………………………………………… 170, 249, 253, 254, 255, 256Risk Management… …………… 30, 82, 86, 88, 164, 170, 179, 187, 189, 227, 228, 229, 230,231, 232, 237, 238, 240, 242, 245, 246, 249Risk(s)… …………… , 5, 8, 14, 15, 20, 24, 27, 28, 29, 30, 31, 32, 34, 35, 36, 37, 38, 44, 54,58, 76, 82, 83, 84, 85, 86, 88, 89, 91, 92, 102, 113, 115, 117, 119, 121, 122, 123, 124, 126,143, 144, 152, 153, 154, 155, 156, 157, 158, 159, 161, 164, 170, 171, 177, 179, 187, 188,261
189, 201, 202, 206, 207, 209, 210, 213, 226, 227, 228, 229, 230, 231, 232, 233, 234, 235,236, 238, 239, 240, 241, 242, 243, 244, 245, 249, 250, 254, 255, 257- counterparty risk………… 27, 153, 154, 170, 227, 228, 229, 233, 234, 235, 240, 254, 255- global exposure………………… 27, 227, 228, 229, 230, 231, 232, 238, 239, 240, 241, 242,246, 257- investment risks……………………… 20, 24, 36, 37, 121, 122, 123, 126, 152, 156, 158, 170- risk-management process… ……………………………………………………………… 27, 213- risk profile… ………… 27, 30, 58, 76, 83, 88, 189, 201, 202, 227, 229, 230, 232, 241, 243,245, 249, 250- underlying risks… ………………………………………………………………………………… 27Risk-spreading………………………………………… 14, 15, 29, 31, 32, 34, 35, 36, 38, 91, 92SSchedule A… …………………………………………………………………………… 59, 69, 131Schedule B… ……………………………………………………………… 59, 132, 133, 159, 162Schedule C… ………………………………………………………………… 59, 76, 177, 201, 202Securities… ………… 3, 4, 5, 7, 8, 9, 10, 11, 12, 14, 15, 16, 17, 19, 20, 22, 23, 24, 25, 26, 27,28, 29, 30, 31, 32, 35, 36, 37, 38, 50, 56, 64, 65, 70, 74, 79, 80, 81, 82, 87, 88, 92, 93, 94,95, 96, 98, 100, 101, 102, 106, 110, 111, 112, 113, 114, 115, 116, 117, 118, 119, 120, 121,123, 124, 125, 127, 128, 129, 130, 134, 143, 153, 154, 155, 156, 157, 158, 166, 170, 172,175, 176, 181, 182, 183, 184, 193, 195, 196, 199, 200, 201, 203, 207, 212, 214, 226, 230,231, 235, 236, 237, 247, 248, 249, 250, 251, 252, 253, 254, 255, 256Securities lending…………………… 115, 118, 153, 154, 155, 156, 249, 250, 251, 254, 255Securitisation………………………………………………………………………………… 26, 85Semi-annual report… ………………………………………………………33, 34, 58, 59, 132, 133Services…………… 10, 11, 39, 40, 43, 44, 45, 46, 47, 48, 53, 55, 65, 68, 78, 97, 98, 99, 100,101, 102, 103, 148, 164, 187, 190, 192, 193, 209Shareholder… ……………………………………………………………………… 20, 21, 71, 163Shares… ………… 5, 7, 11, 12, 15, 20, 21, 22, 23, 24, 29, 31, 36, 38, 39, 48, 49, 66, 70, 71,72, 77, 92, 93, 94, 95, 96, 100, 101, 107, 108, 110, 113, 119, 121, 123, 124, 127, 128,129, 139, 141, 142, 143, 144, 145, 146, 148, 149, 154, 155, 166, 169, 175, 176, 181, 182,183, 202, 203, 206, 207, 214, 215, 216, 217, 220, 221, 222, 223, 224, 225, 235, 237, 241,244, 252, 253, 255, 256SICAV………………………… 12, 20, 21, 22, 23, 24, 36, 37, 66, 92, 107, 108, 197, 199, 200Simplified prospectus… …… 4, 7, 58, 59, 61, 76, 175, 177, 184, 201, 202, 203, 204, 212, 213Sophisticated UCITS… …………………………… 227, 228, 230, 231, 236, 238, 241, 242, 245Stress test…………………………………………………………………………………… 232, 245Subscription right……………………………………………………………………………… 31, 32Subscription tax… ……………………………………………………………………………… 4, 80Subsidiary……………………………………………………………… 12, 14, 31, 42, 60, 174, 256Supervision… ………………………………3, 10, 25, 26, 28, 38, 39, 43, 44, 46, 50, 51, 52, 55,57, 58, 65, 91, 97, 104, 105, 106, 107, 108, 111, 128, 132, 140, 142, 154, 165, 166, 173,175, 180, 184, 186, 188, 189, 190, 191, 193, 201, 205, 207, 208, 209, 210, 212, 214, 219,226, 227, 233, 246, 248, 249, 250, 251, 252, 253, 254Supervisory authority… …………B, 39, 44, 91, 92, 96, 97, 105, 120, 138, 154, 161, 189, 190,191, 213, 220, 222, 239Suspension of redemption………………………………………………………………………… 56Swaps………………………………………………………………………………… 117, 170, 242TTechniques and instruments… ……………………………………………… 5, 88, 115, 119, 250TER……………………………………………………………………………………………… 203262
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Undertakingsfor collective investme
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Published by the SOCIETE DE LA BOUR
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TABLE OF CONTENTSLAW DATED 20 DECEM
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Chapter E. Rules concerning the dep
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CSSF CIRCULAR 03/88 OF 22 JANUARY 2
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law dated 20 December 2002 relating
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annual accounts of certain types of
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25) a “UCITS home Member State”
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Art. 5Art. 6Art. 7Art. 8Art. 9Chapt
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commercial companies, as amended. T
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d) where the CSSF withdraws its aut
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The applicant shall be informed, wi
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Art. 30 (1) If the capital of the S
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Art. 40 Articles 26, 27, 28 with th
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(2) However:a) a UCITS may invest n
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Companies which are included in the
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Art. 48 (1) An investment company o
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Art. 54Art. 55Art. 56Art. 57In the
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contributed by them and whose right
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(4) Where the maximum percentages f
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y a supervisory authority set up by
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- For the purpose of this paragraph
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(2) Any change of external auditors
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Art. 86g) the mandate shall not pre
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) a programme of operations stating
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Art. 92(2) The CSSF will grant auth
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of professional secrecy provided fo
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The communication of information by
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The Court shall decide as to the ex
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(6) The Court’s decisions pronoun
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(2) The full prospectus shall conta
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The CSSF may request an auditor to
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(2) any person who has issued or re
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Art. 130Art. 131(3) Are exempt from
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Chapter 21. - Transitional and repe
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ANNEXE ISchedule A1. Information co
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1. Information concerning thecommon
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5. Other investment information:5.1
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- distributions and income reinvest
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- when and how dividends on units o
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GRAND-DUCAL REGULATION OF 14 APRIL
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Grand-Ducal Regulation of 08 Februa
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(c) financial instruments which ful
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(b) updates of the information refe
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Article 9Financial indices1. The re
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2. The reference in the first inden
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CHAPTER APURPOSE AND SCOPE OF THE L
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If the review of the application fi
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The following types of UCITS are co
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CHAPTER DRULES CONCERNING THE CENTR
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- the central administration must b
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For the purposes of the processing
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Considering the above, a derogatory
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CHAPTER ERULES CONCERNING THE DEPOS
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conformity of a decision taken by t
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- liability of the depositary for t
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It follows that the authorised inve
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CHAPTER GRULES APPLICABLE TO UCITS
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CHAPTER HRULES APPLICABLE TO ALL UC
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Subject to the conditions specified
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4. Repurchase agreements.UCITS may
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2. Investment restrictions.The inve
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3. Borrowings.The UCI may only borr
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4. Special regulations.Apart from t
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CHAPTER JRULES APPLICABLE TO MULTIP
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However, this difference of value o
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CHAPTER LINFORMATION AND ADVERTISEM
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The auditor’s report provided for
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CHAPTER MFINANCIAL INFORMATION 129
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VII. Identification numberThe CSSF
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CHAPTER OMARKETING RULES APPLICABLE
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APPENDIXTo be forwarded to theCommi
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Unless provided differently in thei
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(a) The information to be furnished
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In those circumstances, it is in pr
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The conclusions of the external aud
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The tolerance levels which are prov
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Such UCIs have to comply with the p
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D. Additional Investment Restrictio
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The UCI can either act as buyer or
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CSSF Circular 02/81 of 6 december 2
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I. MandateThe auditor is appointed
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In the long form report, the audito
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For common funds the management of
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In addition, the auditor must outli
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1.4. Relationship with other interm
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- market risk- settlement risk- for
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4. Complaints from investorsThe aud
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CSSF Circular 03/87 of 21 january 2
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B. Provisions concerning management
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UCIs established prior to 1 January
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UCITS subject to Part I of the law
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Also covered by this category are U
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It is strongly recommended that UCI
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Finally, the transitional provision
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The management company’s and the
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in the delegation agreement by mean
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Especially, the activity programme
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Annex 1Table SG 1ACompany:Person in
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Annex 3Table SG 1CCompany:Person in
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Annex 5Table SIAG 1ACompany:Status:
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CSSF CIRCULAR 03/122 of 19 December
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If the UCITS is established as a UC
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CSSF Circular 04/146 of 17 June 200
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If intermediaries in charge of the
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CSSF CIRCULAR 05/177 of 6 April 200
Page 214 and 215: analysed on a case by case basis, c
Page 216 and 217: The following extracts, which are o
Page 218 and 219: This circular does not apply to com
Page 220 and 221: The same principles apply to the ap
Page 222 and 223: CSSF Circular 07/277 OF 9 January 2
Page 224 and 225: The attestation letter discloses al
Page 226 and 227: Annex 1.List of documents that a UC
Page 228 and 229: Annex 3.Specific information on the
Page 230 and 231: used pursuant to Article 41 (1) g)
Page 232 and 233: At the very least, the Commission e
Page 234 and 235: If UCITS are authorised to avail th
Page 236 and 237: When the reasons put forth by the U
Page 238 and 239: • is valued at market price, at a
Page 240 and 241: • hold in its portfolio the under
Page 242 and 243: UCITS Risk Market Limit (*) Referen
Page 244 and 245: AppendicesAppendix 1: Determination
Page 246 and 247: Appendix 2: Criteria governing the
Page 248 and 249: Before using the model for the firs
Page 250 and 251: CSSF CIRCULAR 08/339 OF 19 February
Page 252 and 253: CSSF CIRCULAR 08/356 OF 4 June 2008
Page 254 and 255: In case of a standardised securitie
Page 256 and 257: 3. Periodical information of the pu
Page 258 and 259: The risk exposure to a single count
Page 260 and 261: The reinvestment of cash received a
Page 262 and 263: 191, 192, 193, 194, 201, 204, 205,
Page 266 and 267: Third country…………………
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law of 20 December 2002 - Alfi

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