law of 20 December 2002 - Alfi

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1. Information concerning thecommon fund1. Information concerning themanagement company1. Information concerning theinvestment company1.13. Procedures and conditionsfor the repurchase orredemption of units, andcircumstances in whichthe repurchase or redemptionmay be suspended. Inthe case of common fundshaving different investmentcompartments, informationon how a unitholder maypass from one compartmentinto another and the chargesapplicable in such case.1.14. Description of rules for determiningand applying income1.15. Description of the commonfund’s investment objectivesincluding its financial objectives(e.g. capital growthor income), investmentpolicy (e.g. specialisation ingeographical or industrialsectors), any limitations onthat investment policy and anindication of any borrowingtechniques and instrumentsor powers which may beused in the management ofthe fund1.16. Rules for the valuation ofassets1.13. Procedures and conditionsfor the repurchase orredemption of shares, andcircumstances in which repurchaseor redemption maybe suspended. In the caseof investment companieshaving different investmentcompartments, informationon how a shareholder maypass from one compartmentinto another and the chargesapplicable in such case.1.14. Description of rules for determiningand applying income1.15. Description of the company’sinvestment objectives, includingfinancial objectives (e.g.capital growth or income),investment policy (e.g.specialisation in geographicalor industrial sectors), anylimitations on that investmentpolicy and an indication ofany borrowing techniquesand instruments or powerswhich may be used in themanagement of the company1.16. Rules for the valuation ofassets71
1. Information concerning thecommon fund1. Information concerning themanagement company1. Information concerning theinvestment company1.17. Determination of the sale orissue price and the redemptionor repurchase price ofunits, in particular:– the method and frequencyof the calculationof those prices– information concerningthe charges relating tothe sale, issue, repurchase,redemption ofunits– the means, places andfrequency of the publicationof those prices1.17. Determination of the sale orissue price and the redemptionor repurchase price ofshares, in particular:– the method and frequencyof the calculationof those prices– information concerningthe charges relating tothe sale, issue, repurchase,redemption ofshares– the means, places andfrequency of the publicationof those prices1.18. Information concerningthe manner, amount andcalculation of remunerationpayable by the fund to themanagement company, thedepositary or third parties,and reimbursement of anycosts by the fund to the managementcompany, to thedepositary or to third parties1.18. Information concerning themanner, amount and calculationof remuneration paid bythe company to its directors,and members of the administrative,management andsupervisory bodies, to thedepositary, or to third parties,and reimbursement of anycosts by the company to itsdirectors, to the depositary orto third parties2. Information concerning the depositary:2.1. Name or style, legal form, registered office and head office if different from the registered office;2.2. Main activity.3. Information concerning the advisory firms or external investment advisers who give advice undercontract which is paid for out of the assets of the UCITS:3.1. Name or style of the firm or name of the adviser;3.2. Material provisions of the contract with the management company or the investment companywhich may be relevant to the unitholders, excluding those relating to remuneration;3.3. Other significant activities.4. Information concerning the arrangements for making payments to unitholders, repurchasing or redeemingunits and making available information concerning the UCITS. Such information must in anycase be given in Luxembourg. In addition, where units are marketed in another Member State, suchinformation shall be given in respect of that Member State in the prospectus circulated therein.72
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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
Page 24 and 25: The applicant shall be informed, wi
Page 26 and 27: Art. 30 (1) If the capital of the S
Page 28 and 29: Art. 40 Articles 26, 27, 28 with th
Page 30 and 31: (2) However:a) a UCITS may invest n
Page 32 and 33: Companies which are included in the
Page 34 and 35: Art. 48 (1) An investment company o
Page 36 and 37: Art. 54Art. 55Art. 56Art. 57In the
Page 38 and 39: contributed by them and whose right
Page 40 and 41: (4) Where the maximum percentages f
Page 42 and 43: y a supervisory authority set up by
Page 44 and 45: - For the purpose of this paragraph
Page 46 and 47: (2) Any change of external auditors
Page 48 and 49: Art. 86g) the mandate shall not pre
Page 50 and 51: ) a programme of operations stating
Page 52 and 53: Art. 92(2) The CSSF will grant auth
Page 54 and 55: of professional secrecy provided fo
Page 56 and 57: The communication of information by
Page 58 and 59: The Court shall decide as to the ex
Page 60 and 61: (6) The Court’s decisions pronoun
Page 62 and 63: (2) The full prospectus shall conta
Page 64 and 65: The CSSF may request an auditor to
Page 66 and 67: (2) any person who has issued or re
Page 68 and 69: Art. 130Art. 131(3) Are exempt from
Page 70 and 71: Chapter 21. - Transitional and repe
Page 72 and 73: ANNEXE ISchedule A1. Information co
Page 76 and 77: 5. Other investment information:5.1
Page 78 and 79: - distributions and income reinvest
Page 80 and 81: - when and how dividends on units o
Page 82 and 83: GRAND-DUCAL REGULATION OF 14 APRIL
Page 84 and 85: Grand-Ducal Regulation of 08 Februa
Page 86 and 87: (c) financial instruments which ful
Page 88 and 89: (b) updates of the information refe
Page 90 and 91: Article 9Financial indices1. The re
Page 92 and 93: 2. The reference in the first inden
Page 94 and 95: CHAPTER APURPOSE AND SCOPE OF THE L
Page 96 and 97: If the review of the application fi
Page 98 and 99: The following types of UCITS are co
Page 100 and 101: CHAPTER DRULES CONCERNING THE CENTR
Page 102 and 103: - the central administration must b
Page 104 and 105: For the purposes of the processing
Page 106 and 107: Considering the above, a derogatory
Page 108 and 109: CHAPTER ERULES CONCERNING THE DEPOS
Page 110 and 111: conformity of a decision taken by t
Page 112 and 113: - liability of the depositary for t
Page 114 and 115: It follows that the authorised inve
Page 116 and 117: CHAPTER GRULES APPLICABLE TO UCITS
Page 118 and 119: CHAPTER HRULES APPLICABLE TO ALL UC
Page 120 and 121: Subject to the conditions specified
Page 122 and 123: 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
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analysed on a case by case basis, c
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The following extracts, which are o
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This circular does not apply to com
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The same principles apply to the ap
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CSSF Circular 07/277 OF 9 January 2
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The attestation letter discloses al
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Annex 1.List of documents that a UC
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Annex 3.Specific information on the
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used pursuant to Article 41 (1) g)
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At the very least, the Commission e
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If UCITS are authorised to avail th
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When the reasons put forth by the U
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• is valued at market price, at a
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• hold in its portfolio the under
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UCITS Risk Market Limit (*) Referen
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AppendicesAppendix 1: Determination
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Appendix 2: Criteria governing the
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Before using the model for the firs
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CSSF CIRCULAR 08/339 OF 19 February
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CSSF CIRCULAR 08/356 OF 4 June 2008
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In case of a standardised securitie
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3. Periodical information of the pu
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The risk exposure to a single count
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The reinvestment of cash received a
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191, 192, 193, 194, 201, 204, 205,
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Option…………………… 67,
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Third country…………………
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law of 20 December 2002 - Alfi

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