LU – CSSF communicates on the start of the ESMA CSA on SFDR disclosures of investment funds in Luxembourg
8th September 2023
On 6 September, the Commission de Surveillance du Secteur Financier in Luxembourg published a Communication informing that on 29 August 2023, it had contacted by email Luxembourg-based UCITS managers and AIF managers falling within the scope of the Common Supervisory Action (CSA) on the integration of sustainability risks and disclosures.
Based on a harmonised methodology defined by ESMA, the CSSF will request UCITS Managers and AIFMs to complete a questionnaire focusing more closely on greenwashing risks. In the second stage, it will request UCITS Managers and AIFMs to complete a questionnaire dedicated to the integration of sustainability risks and factors in the organisational arrangements of UCITS Managers and AIFMs and to the transparency disclosures at IFM and product level.