THE CSSF AND CBI RELEASE UPDATES ON THE IMPLEMENTATION OF ESG FAST TRACK PROCEDURE FOR DISCLOSURE UPDATES

CSSF UPDATES

On 16 December 2020, the CSSF implemented a specific SFDR fast track procedure to facilitate the submission of the prospectus/issuing document updates to the CSSF. In order to benefit from this fast track procedure, each updated prospectus/issuing document submitted for visa stamp will have to be accompanied by a confirmation letter.

CBI UPDATES

Last month, in a letter furnished to Irish Funds, the Central Bank of Ireland confirmed that a fast track process will be set up, in order to manage the significant number of prospectus updates that will require filing by the 10 March 2021 in accordance with the EU’s SFDR.

Please reach out to our European team of dedicated UCITS and AIFM specialists who are here to help you to navigate these updated requirements.