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ARTICLE · 24 OCTOBER 2024

CSSF Supervisory Expectations And Filing Procedure - ESMA ESG Fund Names Guidelines

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

The CSSF has published its long-awaited guidance on the implementation of ESMA's ESG fund names guidelines. In today's communiqué the regulator announced...

LuxembourgFinance and Banking
Sophie Dupin
Sophie Dupin
Thomas Göricke
Thomas Göricke

The CSSF has published its long-awaited guidance on the implementation of ESMA's ESG fund names guidelines. In today's communiqué the regulator announced the publication of CSSF circular 24/863 which will implement the guidelines into the Luxembourg regulatory framework and which will start applying from 21 November 2024. As a reminder, new funds in scope will need to start applying the guidelines from 21 November 2024 and existing ones will have until 21 May 2025.

The CSSF also mentioned the following supervisory expectations in the terms of compliance with the guidelines:

  • Financial market participants (i.e. AIFMs and UCITS management companies), regardless of whether their funds under management are categorised under articles 6, 8 or 9 SFDR, are required to carry out a self-assessment of the application of the guidelines to their financial products.

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