November 2009
Luxembourg SICARs required to transmit identity of beneficial owners to CSSF
The Luxembourg regulatory authority, the CSSF, has confirmed that going forward all Luxembourg SICARs must report to the CSSF the identity of their beneficial owners in compliance with Article 32 of the Law of 15 June 2004 relating to the investment companies in risk capital, as amended (the “SICAR Law”). This information is required for the SICAR’s authorisation and going forward, up to date information in this respect must be transmitted in all half year reporting. It is to note that as a starting point, the CSSF has requested that this information be provided in the SICAR’s reporting as at 31 December 2009.
By François Pfister.
