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ARTICLE · 18 AUGUST 2022

Dates Of Entry Into Force Of Requirements Regarding Client Sustainability Preferences In MiFID Context

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On 2 August 2022, the CSSF released a Communiqué on the application of MiFID rules to sustainability and more specifically to the consideration of the requirements relating...

LuxembourgFinance and Banking
Aurélia Viémont
Aurélia Viémont
Aurélien Hollard
Aurélien Hollard
Sarah Hantscher
Sarah Hantscher
Mélanie Poirrier
Mélanie Poirrier
Julie Pelcé
Julie Pelcé
Anne Picot-Guillot
Anne Picot-Guillot
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On 2 August 2022, the CSSF released a Communiqué on the application of MiFID rules to sustainability and more specifically to the consideration of the requirements relating to client sustainability preferences.

In fact, credit institutions, investments firms, AIFM and management companies under Chapter 15 (the "In-Scope Entities") must apply the Commission Delegated Regulation 2021/1253 of 21 April 2021 which amends Delegated Regulation 2017/565 as regards the integration of sustainability factors, risks and preferences into certain organisational requirements and operating conditions for investment firms as from 2 August 2022 (for more information : please refer to our eAlert on new requirements in governance policy and product distribution policy for credit institutions, investment firms, insurance and reinsurance undertakings regarding ESG).

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