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Of relevance to all Luxembourg IFMs, UCITS and regulated
AIFs.
On 16 December 2020, the CSSF issued its communication (available here) on how it intends to deal with
the Sustainable Finance Disclosure Regulation (EU) 2019/2088
( SFDR ), which will become applicable in large part on
10 March 2021. Most notably, the CSSF provides details in its
communication on the fast track procedure for updating
prospectuses/offering documents and the confirmation letter that
will need to accompany it (available here).
The CSSF reiterates that, in the absence of the relevant
Regulatory Technical Standards (the Level 2 SFDR
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In March 2021, a new European Union regime on
sustainability-related disclosures in the financial sector will
come into force. The Sustainable Finance Disclosure Regulation
2019/2088 (“
SFDR”) contains rules
regarding sustainability-related disclosures which will need to be
made by financial market participants
(“
FMPs”) and financial advisers within
the scope of the Regulation
(“
FAs”).
AIFMs”) in the European
Economic Area (“
EEA”) and certain
AIFMs outside of the EEA (“
Non-EEA
AIFMs”) where they market funds in the EEA under the
national private placement regime
(“
NPPR”).
What new requirements apply from March 2021?
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In March 2021, a new European Union regime on sustainability-related disclosures in the financial sector will come into force. The Sustainable Finance Disclosure Regulation 2019/2088 (“
SFDR”) contains rules regarding sustainability-related disclosures which will need to be made by financial market participants (“
FMPs”) and financial advisers within the scope of the Regulation (“
FAs”).
AIFMs”) in the European Economic Area (“
EEA”) and certain AIFMs outside of the EEA (“
Non-EEA AIFMs”) where they market funds in the EEA under the national private placement regime (“
NPPR”).
What new requirements apply from March 2021?
Our previous client briefing summarised the proposals put forward under the SFDR and the Taxonomy Regulation and given the Taxonomy Regulation will not start to apply until 2022, it is the majority of the SFDR provisions that will apply from 10 March 2021.
Écrit par
BLACKROCK
Partager
Ursula Marchioni (BlackRock), Ewa Jackson (BlackRock), Aurélie Ratte (MSCI), Carey Evans (BlackRock) & Victor van Hoorn (Eurosif).
Maison Moderne
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