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ARTICLE · 04 JANUARY 2021

CSSF Fast-Track Procedure For Fund Managers To Comply With SFDR Disclosure Rules

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The Commission de Surveillance du Secteur Financier (the CSSF), has issued a communication (the CSSF Communication) to inform investment fund managers (IFMs) of Luxembourg undertakings for...

LuxembourgFinance and Banking
Anne-Gaelle Delabye
Anne-Gaelle Delabye
Rebecca Macé-Balebs
Rebecca Macé-Balebs
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The Commission de Surveillance du Secteur Financier (the CSSF), has issued a communication (the CSSF Communication) to inform investment fund managers (IFMs) of Luxembourg undertakings for collective investment in transferable securities (UCITS) and alternative investment funds (AIFs), particularly Luxembourg Part II undertakings for collective investment (Part II UCIs) and specialised investment funds (SIF), of a fast-track procedure to enable them to comply with the rules on transparency regarding sustainability-related disclosures provided for by Regulation (EU) 2019/2088 on the sustainability-related disclosures in the financial services sector (SFDR).

The release was issued on 16 December and provided a reminder that most of the disclosure requirements set out in SFDR will apply as from 10 March 2021, despite the delay of publication of the relevant "Level 2" regulatory technical standards.

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