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ARTICLE · 06 OCTOBER 2022

Central Bank Finalises Fast-track Filing Process For SFDR Level 2 Documentation

Dillon Eustace
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As readers will be aware, Irish domiciled funds which fall within the scope of Article 8 or Article 9 of the SFDR will be required to update their pre-contractual documentation to incorporate an "SFDR"...

IrelandFinance and Banking
Cillian Bredin
Cillian Bredin
Aisling O'Malley
Aisling O'Malley
Alanna Hannon
Alanna Hannon
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Introduction

As readers will be aware, Irish domiciled funds which fall within the scope of Article 8 or Article 9 of the SFDR1 will be required to update their pre-contractual documentation to incorporate an "SFDR" annex by 1 January 2023 in order to comply with disclosure obligations imposed under Commission Delegated Regulation (EU) 2022 1288 (SFDR Level 2).

On 4 October 2022, the Central Bank of Ireland (Central Bank) formally confirmed that it will facilitate a fast-track filing process for pre-contractual updates required under SFDR Level 2 and published a process clarification document in which it set down the parameters of this process.

In order to avail of the Central Bank's fast-track filing process, filings must be made no later than 1 December 2022.

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