New CSSF taxonomy fast track procedure

On 2 December 2021, a CSSF press release on regulatory requirements and fast track procedure in relation to Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investments (the so called “Taxonomy Regulation” “TR”) and Regulation 2019/2088 on sustainability-related disclosures in the financial services sector(“SFDR”) was released.

Key points

The below details:

• the conditions and deadline of the new CSSF TR fast track procedure;
• some additional CSSF statements on the use of templates under draft SFDR Regulatory Technical Standards.