On 27 July 2022, the Luxembourg financial regulator (CSSF) released a communication on the regulatory requirements arising from Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial services sector (SFDR) and Commission Delegated Regulation (EU) 2022/1288 of 6 April 2022 on regulatory technical standards (SFDR RTS).
The communication indicates a deadline for certain updates to pre-contractual information and periodic disclosures for undertakings for collective investment in transferable securities (UCITSs) and alternative investment funds (AIFs) and requires fund managers (AIFMs and UCITS management companies) to submit by 1st January 2023 the required updates to prospectuses and issuing documents, in accordance with the provisions of the SFDR RTS and Regulation (EU) 2020/852 of 18 June 2020 on the establishment of a framework to facilitate sustainable investment (the Taxonomy Regulation).
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