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By Jimy BENCHAHDA KONTZLER, Associate Cédric DANOIS, Managing Associate, Linklaters LLP
The financial industry was quick to seize the opportunity offered by the development of sustainable financial products and was one of the driving forces behind the successful application of the SFDR, giving rise to a set of market practices that the CSSF has undertaken to review and rationalise. Accordingly, the CSSF has recently issued a report setting out the findings of its ESG thematic inspection/review on the implementation of sustainability-related provisions (the “CSSF SFDR Thematic Review”) in the Luxembourg investment fund industry (the “Report”).
The Report includes a set of recommendations and observations (the “Observations”) derived from...
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