09/06/2022 | Press release | Distributed by Public on 09/06/2022 08:13
By Communiqué "Communication to the investment fund industry on regulatory requirements in relation to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR) and upcoming entry into force of SFDR Level 2 provisions (SFDR RTS)", published on 27 July 2022, the CSSF reminded the deadline of 1 January 2023 for specific updates of UCITS and AIF pre-contractual documents.
Further, the CSSF provided details in that Communiqué on how to proceed with the filing of updated pre-contractual documents in view of the upcoming entry into force of the SFDR RTS.
The CSSF informs that the announced RTS confirmation letter, that should accompany the filing of a prospectus/issuing document to support the update on sustainability-related disclosures with regard to SFDR RTS, is now available and can be downloaded from the website of the CSSF here for UCITS and here for AIFs.
While the RTS confirmation letter is presented in two versions that are similar in essence, a specific version for UCITS respectively for AIFs must however be used depending on the fund type concerned.
The CSSF reminds that practitioners intending to update pre-contractual documents may benefit of an accelerated examination and visa stamping of the prospectus provided that the following conditions are fulfilled:
This accelerated examination and processing is available until 31 October 2022, any transmission following the process above after that date can only be considered on a best effort basis.
Prospectuses/issuing documents updated with regard to SFDR RTS along with other material changes to the prospectus/issuing document must be filed through ordinary amendments procedure and will be examined on a best effort basis.