Generate sales prospectuses in accordance with CSSF

To ensure that all regulatory requirements for the preparation of prospectuses are met and that all necessary information is presented clearly and transparently for investors, the CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg offers a standardised model prospectus for UCITS (Undertakings for Collective Investment in Transferable Securities) on its website. This standard prospectus (https://www.cssf.lu/en/standardised-model-prospectus-for-ucits/) serves as a guide for the preparation of a UCITS prospectus, in this case for a fund that is to be established in the form of an investment company with variable capital (SICAV). In addition to standardised text sections, the model prospectus contains some variable text fields that must be specifically adapted and completed for each fund.

A specific prospectus for each fund 

The published standard prospectus only serves as a guide. The CSSF therefore points out in its explanatory notes that fund-specific text fields must be created for each individual fund. These are colour-coded in the model prospectus and must be filled in with fund-specific information and the text adapted accordingly. The guidelines provide guidance on the required content and formal requirements (Standardised-Model-Prospectus-Sub-Fund-Specific-Guidance-Version-for-publishing-6-Feb-2024.pdf ). For UCITS/FCP, AIF/SICAV, AIF/FCP or funds with other legal forms such as SICAF or SICAR, the model prospectus must be adapted in accordance with the regulatory requirements.

Time, costs, errors...

Despite the availability of a template, the manual creation of sales prospectuses is and remains time-consuming and costly. Information from various sources must be inserted, constantly updated, checked for legal conformity if necessary and sometimes even modified on a country-specific basis. This manual processing not only costs time, but also harbours a high risk of errors in terms of unnoticed omissions, transmission errors or inconsistencies - especially with an increasing number of financial instruments.

Optimise your processes!

With CS Legal you can create, update, manage and distribute your sales prospectuses digitally quickly, easily and securely at any time. CS Quant Engine automatically calculates all the necessary key figures and integrates them directly into the document. This not only saves time and costs, but also creates reliable legal certainty for all your documents.