Regulatory notices

On 12 April 2023, the Joint Committee of the European Supervisory Authorities (ESAs) launched a consultation on the review of the SFDR upon request of the European Commission.

The Joint Committee has planned to submit its final report to the Commission in October this year.

On 14 April 2023, the European Commission published the long awaited answers to the ESAs’ questions submitted in September 2022 on some article’s interpretation of SFDR.

On 6 April 2023, ESMA updated its FAQ on SFTR.
One question has been added on how the Jurisdiction of the issuer must be reported.

Last week on 20 April 2023, the Commission de Surveillance du Secteur Financier published a communication in Luxembourg to recent publications made by the European Supervisory Authorities (the ESAs) in respect of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR), of Commission Delegated Regulation (EU) 2022/1288 (the SFDR RTS), and of Regulation (EU) 2020/852 on the EU Taxonomy Regulation.

Last week, the Commission de Surveillance du Secteur Financier in Luxembourg adapted its template for the prudential reporting of management companies.

Yesterday, the Commission de Surveillance du Secteur Financier published a new version of its FAQ on Sustainable Finance Disclosure Regulation (SFDR).

Three questions have been added alongside to an update of all communications made so far by the CSSF on this topic.

Friday 10 March 2023, the CSSF published a communication on the recent entry into force of the Commission Delegated Regulation (EU) 2023/363 of 31 October 2022 amending and correcting the regulatory technical standards laid down in Delegated Regulation (EU) 2022/1288 as regards the content and presentation of information in relation to disclosures in pre-contractual documents and periodic reports for financial products investing in environmentally sustainable economic activities (amended SFDR RTS).

On Friday 10 March 2023, ESMA published a new version of its AIFMD Q&A including a new Section XVI Exemptions.

On 8 March 2023, the FinDatEx opened a consultation on a new EMT version (V4.1) the aim is to cover the needs for the UK distributors to comply with the Consumer Duty regime.