Asset Managers · Laws and Regulations

CSSF tells funds to keep promises on what they sell

CSSF expects funds to keep promises of what they sell to investors
When it comes to ESG and sustainable investing, Luxembourg’s financial regulator is keen to ensure that investment funds will stick to their promises when they sell products that are branded as green and sustainable. More guidance is coming soon, and the regulator plans “a deep compliance check” for the third quarter of 2023.
To read this article, you need a subscription to Investment Officer. If you don't have a subscription yet, click on 'Subscribe' to see the various subscription options.