Legal & Regulatory News

CSSF communication on the upcoming entry of SFDR RTS

On 29 July 2022, Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) published a press release regarding the entry into force of the Commission Delegated Regulation (EU) 2022/1288 of 6 April 2022 relating to sustainability-related disclosure requirements in the financial services sector (SFDR) and specifically the new Level 2 regulatory technical standards (SFDR RTS).

The press release confirms that the CSSF expects financial market participants to file updated prospectus/issuing documents for Luxembourg Article 8 and 9 funds by 31 October 2022, to ensure approval before 1 January 2023.

The CSSF has indicated that it will give priority for visa-stamping to issuing documents in which updates are limited to sustainability related disclosure changes only. Provided that submissions made following the filing procedure are complete, compliant and received by the CSSF by 31 October 2022, the CSSF will endeavour to release the relevant visa stamp prior to the 31 December 2022.

Click here to access the press release.