Visa-stamping

Update on visa-stamping

The CSSF has recently released a communication on the new electronic process for UCITS, UCIs Part II, SICARs and SIFs, replacing as of April 2025 the current visa-stamping procedure via the introduction of a new “e-Identification” system.

• Under the modernised process, the CSSF will assign instead of the current “visa” (i) a unique identification number, and (ii) an e-Identification date, on the first page of each prospectus.

• The main enhancement introduced by the modernised process is the establishment of a predefined list of amendments that do not require prior CSSF approval, allowing funds to implement certain updates more swiftly (subject to potential ex-post analyses).

• A detailed guide, that will be accessible via eDesk on 20 March 2025, will outline the new procedure (including IT/operational aspects), listing permissible amendments, applicable conditions, and a FAQ section.

• The submission of new or revised prospectuses will be managed through the dedicated eDesk e-Identification Prospectus application.

Beyond modernising their administrative procedure while enhancing efficiency and ensuring compliance, the CSSF promotes an approach that emphasises the responsibility of funds governing bodies to ensure compliance with regulatory requirements for fund products and their related documentation.