Luxembourg financial supervisor CSSF on Thursday announced a more flexible deadline for filing reports on marketing materials in relation to the EU’s Sustainable Finance Disclosure Regulation, or SFDR.
Instead of a firm 15 June deadline, CSSF said it expects financial market participants now to make a ‘best effort’ to provide the relevant information by this date, and file the reports no later than 31 October. The marketing documents are formally known as “precontractual disclosures”.
The amended deadline was set “in order to give due account to discussions held in this context with financial market participants”, said CSSF.
CSSF first announced its SFDR data collection exercise in March. Management companies as well as alternative investment fund managers are all required to provide a report on the marketing materials for their funds. The requirement applies to all funds, regardless of their ‘article status’ under the SFDR.