Publication of Circular CSSF 24/863 on funds’ names using ESG or sustainability-related terms

The CSSF has confirmed on 21 October 2024, by publishing Circular CSSF 24/863 (the “Circular”), that it will fully comply with the ESMA guidelines on funds’ names using ESG or sustainability-related terms (the “ESMA Guidelines”), which will be integrated into the CSSF’s administrative practices and regulatory approach. The Circular clarifies the application timeline and expectations for investment funds managers (IFMs).