Regulatory Update Luxembourg
On 16 December, the Luxembourg regulator, the Commission de Surveillance du Secteur Financier (CSSF) announced the fast-track procedure for ESG disclosures required to be made under the EU’s Sustainable Finance Disclosures Regulation (SFDR). All Luxembourg regulated investment funds (UCITS, Part II, SIF) that limit themselves to including only ESG disclosures in the prospectus updates can…