The CSSF informs those financial market participants which have not yet submitted to the CSSF the required updates to the prospectus/issuing documents of UCITS and/or AIFs in accordance with the provisions of the SFDR RTS and TR as set forth under Section 1 above, that the CSSF expects to receive the updated precontractual documents by 31 October 2022 at the latest. Regulation (EU) 2020/852 of 18 June 2020 on the establishment of a framework to facilitate sustainable investments (“Taxonomy regulation” (TR)) amending Regulation (EU) 2019/2088 requires financial market participants for those financial products subject to Articles 8 and 9 of SFDR to provide by 1 January 2023 for transparency in precontractual documents and periodic reports with regard to the environmental objectives referred to in Article 9, points (c) to (f) of TR. The SFDR RTS further outline mandatory website product disclosure requirements applicable to financial market participants through the requirement of a separate website section titled, ’Sustainability-related disclosures’. Commission Delegated Regulation (EU) of 2022/1288 of 6 April 2022 supplementing Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial services sector (SFDR RTS) requires financial market participants to present by 1 January 2023, for financial products subject to Articles 8 and 9 of SFDR, precontractual and periodic disclosure information in the format of templates set out in the annexes of the SFDR RTS.
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