Legal administrative obligations

The FIS must comply with several obligations:

• The registered office and central administration must be located in Luxembourg
• The fund must submit its application for registration on a list with the CSSF within one month of its creation. This list is published
• Obligation to prepare an offering document (prospectus) to inform investors, particularly regarding the investment policy, rules and limitations on debt ratios, risk management, etc
• Any significant change in the content of the prospectus requires prior approval from the CSSF
• Obligation to maintain accounting records and prepare an annual balance sheet and profit and loss account
• Obligation to prepare a report on activities for the past period
• Obligation to prepare an annual report within six months of the fiscal period’s end, including the above information and any other notable data
• Consolidation is possible (parent-subsidiary) but not mandatory
• Shareholders’ rights to attend and vote at general meetings are based on the number of shares held 5 days before the meeting