CSSF FAQ on Sustainable Finance Disclosure Regulation (SFDR) is a CSSF FAQ, published 2 December 2022.
\nRelevant for: AIFMs, Management companies - Chapter 15, Part II UCIs, Pension funds, SICARs, SIFs, UCITS.
\nMain topic: Sustainable finance. Keywords: AIF (alternative investment fund), Internal governance, Risk management, Transparency, Transparency exercise, UCI prospectus.
\nFAQ on Sustainable Finance Disclosure Regulation (SFDR) Version 5
\nFAQ on Sustainable Finance Disclosure Regulation (SFDR) Version 5 Update information
\n21 July 2026 18 December 2024
\nVersion 5. Modification of Section II: Question 1 Version 4. Modification of Section I: Key European, modification of Section II: CSSF FAQs; Update of Questions 6 and 7; Deletion of Questions 2, 9 and 10 Version 3. Modification of Section I: Key European and CSSF publications:
\n5 May 2023
\nClarifications at European level and CSSF communiqués; Deletion of Question 8 Version 2. Modification of Section I: Key European and CSSF publications:
\n13 March 2023
\nCSSF communiqués and Other publications; Question 7 became Question 10; Publication of new Questions 7, 8 and 9
\n2 December 2022
\nVersion 1. First publication: Questions 1-7
\nThis document will be updated when necessary and the CSSF reserves the right to adapt its approach to any matter covered by the Q&A at any time. You should regularly check the website of the CSSF in relation to any matter of importance to you to see if questions have been added and/or positions have been adapted.
\nFAQ SUSTAINABLE FINANCE DISCLOSURE REGULATION (SFDR) Version 5
\nTable of contents Context ................................................................................................................. 5 Definitions ............................................................................................................ 5 Section I: Key European publications ............................................................................... 6 Clarifications at European level ..................................................................................... 6 Other publications ......................................................................................................... 6 Section II: FAQs ............................................................................................................... 6 I.
\nUpdates of prospectuses/issuing documents ........................................................ 6 Q1. Nature of the changes made to the SFDR RTS precontractual templates: Should changes to Articles 8 and 9 SFDR RTS precontractual templates (the “ templates”) follow the same regime as any other changes made to the prospectus/issuing document and which changes could be considered as material? ............................................................................................................... 6 Modified on 21 July 2026 ............................................................................... 6 Q2. Qualification of a change to a prospectus/issuing document which is strictly limited to introducing templates under the SFDR RTS: Is the introduction of templates following the entry into force of the SFDR RTS to be considered as a material change, notably in the sense of Circular CSSF 14/591 in relation to UCIs subject to the Law of 17 December 2010? ............................................................ 7 Deleted on 18 December 2024........................................................................ 7
\nII.
\nWebsite disclosures .............................................................................................. 7 Q3. Compliance by IFMs with website disclosure requirements of Article 10 SFDR: How should Luxembourg IFMs ensure disclosure with the website disclosure requirements of Article 10 SFDR especially in cases where the portfolio management function has been delegated? .......................................................... 7 Published on 2 December 2022 ....................................................................... 7
\nIII. Precontractual disclosures .................................................................................... 8 Q4.
\nThe text above is the opening of the document; the PDF carries the whole.
\nDocument page, PDF. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.
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