Luxembourg Investment Vehicles

Approval and supervision SIF with authorised AIFM SICAR with authorised AIFM Regulated Investment Vehicles Part II Fund with authorised AIFM UCITS ("Part I Fund") Promoter requirement No for SIAGS, FCPs and SICAVS with a Luxembourg UCITS management company. Yes for FCPs and SICAVS with a management company established in another EU Member State. Supervision by CSSF Yes. Regular reporting to CSSF Yes. Monthly with due date the 10th of the next month. Yes for self-managed SICAVS and for FCPs and SICAVS with a management company established under Chapter 16 of the Fund law. Yes. Yes. No. Yes. No. Yes. Annually with due date 4 months after year-end. Details on reporting contained in CSSF Circular 97/136 as modified by CSSF Circular 08/348 and CSSF Circular 15/627. Semi-annual UCITS risk reporting applicable to Part I funds. Details for the first reporting were provided in a circular letter dated 22 April 2016. Each reporting will be accompanied by a circular letter to the industry. Monthly with due date the 10th of the next month. Annually with due date 6 months after year-end. Details on reporting contained in CSSF Circular 97/136 as modified by CSSF Circular 08/348 and CSSF Circular 15/627. Internally-managed SICAV/SICAF (authorised AIFM): details on reporting contained in article 22 of the AIFM law. Yes. Monthly with due date the 10 th of the next month based on the latest available NAV (when NAV is not calculated monthly). Annually with due date 6 months after year-end. Details on reporting contained in CSSF Circular 07/310 as modified by CSSF Circular 08/348 and CSSF Circular 15/627. Internally-managed SICAV/SICAF (authorised AIFM): details on reporting contained in article 22 of the AIFM law. Yes. Twice a year, on 30 June and 31 December with due date 45 calendar days subsequent to the reference date of the report. Annually with due date 6 months after year-end. Details on reporting contained in CSSF circular 08/376 and CSSF Circular 15/627. Internally-managed company (authorised AIFM): details on reporting contained in article 22 of the AIFM law. 32 32 KPMG Luxembourg Investment Vehicles

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