The annual cycle you own
The self assessment, the auditor's report and the financial crime questionnaire. Why the self assessment has to be reconciled with the auditor before either is filed, and why the cheapest sanction in this course was imposed on entities that simply did not file.
- The video of every lesson, and the word-for-word transcript beside it
- Every claim linked to its primary source, with a source register per lesson
- An assessment for each of the 7 modules, and an end-of-course assessment
- A printable certificate carrying your name, the date and the content version
- The downloadable artefacts and one page references for this course
Expensing it? The invoice can be made out to your firm, with its VAT number and your purchase order reference. Buying for several people: seats for a team.
The narrated video runs about 1 hour 31 minutes across the 30 lessons. That is short on purpose: no filler and no reading out of the law, with the work in the transcripts, the sources, the assessments and the artefacts.
Module 6. Reporting and supervision
The market entry form submitted once for the umbrella rather than once per sub-fund and what actually triggers a new filing, the annual self assessment reconciled with the auditor before either is filed, the financial crime questionnaire that two entities were fined ten thousand euros each for not submitting, and the 2026 replacement of that questionnaire by the AMLA data collection templates.
Every instrument this lesson is built from, linked to its official text
Circular CSSF 21/789 carries the practical rules for investment fund managers and has to be read as amended by Circular CSSF 23/839 of 26 July 2023. Circular CSSF 21/790 of the same date is the parallel text for undertakings for collective investment. The two sanctions of 11 September 2025 were both imposed for failing to submit the questionnaire on financial crime for the year ending 31 December 2024, which was due by 4 April 2025, and both are breaches of the duty to cooperate in article 5(1) of the Law of 12 November 2004 sanctioned under article 8-4.
- Circular CSSF 21/789 of 17 December 2021, as amended by Circular CSSF 23/839 of 26 July 2023 Practical rules on the annual self assessment questionnaire of investment fund managers, on the engagement of the approved statutory auditor, and on the management letter and the separate report https://www.cssf.lu/en/Document/circular-cssf-21-789/
- Circular CSSF 23/839 of 26 July 2023 The amending circular that updates Circular CSSF 21/789. Read 21/789 in its amended form https://www.cssf.lu/en/Document/circular-cssf-23-839/
- Circular CSSF 21/790 of 17 December 2021 The parallel circular for Luxembourg undertakings for collective investment: the annual self assessment questionnaire, the auditor engagement, the management letter and the separate report https://www.cssf.lu/en/Document/circular-cssf-21-790/
- CSSF administrative sanction of 11 September 2025, Agriland Management S.A., EUR 10,000 CSSF publication and data. Failure to submit the questionnaire on financial crime for the year ending 31 December 2024, a breach of the duty to cooperate in article 5(1) of the Law of 12 November 2004 https://www.cssf.lu/en/Document/administrative-sanction-of-11-september-2025-4/
- CSSF administrative sanction of 11 September 2025, Lion Management, EUR 10,000 CSSF publication and data. The same breach on the same date, published nominatively under article 8-6(1) https://www.cssf.lu/en/Document/administrative-sanction-of-11-september-2025-6/
Module 6. Reporting and supervision
- Lesson 6.1. Getting on the register correctly 2:41
- Lesson 6.2. The annual cycle you own 3:13 · this page
- Lesson 6.3. What changed in 2026 3:01
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