The law states that the investment company and the management company, for each of the common funds they manage, shall publish:

• a prospectus;

• an annual report for each financial year; and

• a half-yearly report covering the first six months of the financial year.

The law also states that the annual and half-yearly reports shall be published within the following time limits, with effect from the end of the periods to which they relate:

• six months in the case of the annual report,

• three months in the case of the half-yearly report.

Schema A of Annex I of the amended law of 17 December 2010 relating to undertakings for collective investment (the “UCI Law”) and chapter L of the IML Circular 91/75 as amended, detail the content of the prospectus.

Key information documents (“KID”) for packaged retail and insurance-based investment products (“PRIIPs”) are also required if retail investors (as defined under the MIFID legislation) can make investments. 

References: Articles 150(1) and (2) of the UCI Law; Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on KID for PRIIPs; IML Circular 91/75 as amended; Authorisation and Supervision (UCI Part II Fund); October 12, 2020, Bertrand Mariaux.

Contributor: Cédric Buisine, Avocat

Editor: Hannah Seulgee Jung

*Podcast #296:

*YouTube Video 285|: 

Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)

Prestation de serment (Swearing-in oath): Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master in European & International Law - major in economics, 2008), certified Expert in Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)