The Sustainable Finance Disclosure Regulation (SFDR) requires Financial Market Participants to comply with harmonised rules on transparency with regard to sustainability risks, the consideration of adverse sustainability impacts and the provision of sustainability-related information (Environmental, Social and Governance –ESG matters).
In practice, Luxembourg regulated investment funds, RAIFs and others AIFs managed by an authorised AIFM fall within the scope of SFDR. Luxembourg AIFMs and UCITS Mancos have to implement SFDR by 28 February 2021 for regulated Investment Funds and by 10 March 2021 for unregulated Investment Funds that they manage.
In this article, our Luxembourg Investment Funds Partner Virginie Leroy explains to whom this SFDR Regulation shall apply and the practical aspects including CSSF fast track procedure and the requirements: what and how to implement ESG ?
Click here to read the article.
If you have any questions related to this article, please contact Virginie Leroy, Partner in Investment Funds Practice of AKD in Luxembourg.