Luxembourg - ESG update

Creation of a new CSSF fast track procedure for fund managers when implementing EU ESG rules

On 16 December 2020, the CSSF press release 2020/12 was published to inform the fund managers of (i) Luxembourg domiciled undertakings for collective investment in transferable securities (“UCITS”) and (ii) alternative investment funds (“AIFs”) (hereinafter referred to as “IFMs”) of the creation of a CSSF fast track procedure to facilitate the submission and approval of the prospectus/issuing document updates regarding the Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial services sector (“SFDR”).

Key Points:

 > Our overview details the aspects you need to be aware of in relation to the new CSSF fast track procedure and;

 > the deadline to meet if you would like to be compliant with the SFDR rules by 10 March 2021.

Please click here to read our overview

Further resources

ESG Factsheets:

  • New EU ESG rules for asset managers and financial advisers - access here.
  • EU ESG disclosures for fund managers and advisers - access here.
  • ESG Disclosure Regulation: Consultation paper of Level 2 measures - access here.

Explore our dedicated ESG pages:

Visit our ESG hub here.
Read the latest insights, commentary and news from our ESG team on our ‘Sustainable Futures’ blog - visit blog here.