[ad_1]
The MFSA has, on the 9 February 2021, issued a round on the implementation of the SFDR and the method which it’ll implement for the submission of providing paperwork of domestically primarily based collective funding schemes which should be up to date consistent with the SFDR necessities.
The SFDR offers that monetary market individuals, which embody various funding fund managers, UCITS administration firms and funding companies or credit score establishments offering portfolio administration beneath MiFID II are required, to make pre-contractual and ongoing disclosures to buyers relating to the combination of sustainability dangers and impacts of opposed sustainability in addition to the promotion of ESG traits and sustainable investments wherever relevant. It is very important observe that such obligations apply to all monetary market individuals, no matter whether or not they provide merchandise that promote ESG traits or have sustainable funding aims.
The MFSA has knowledgeable the trade that it has established a fast-track submitting course of for the submission of providing paperwork that are up to date consistent with the SFDR. By this course of, UCITS Administration Corporations, AIFMs and MiFID II funding companies which handle PIF constructions by means of delegation, will be capable of ‘self-certify’ their compliance with SFDR and notify the MFSA accordingly.
The round additionally lists the documentation which should be filed with the MFSA along with the up to date providing paperwork and highlights that submissions are to be made by no later than 10 March 2021. Submissions made after the three March 2021 shall be processed on a best-effort foundation by the MFSA earlier than the SFDR deadline.
To learn the MFSA round, please click here.
[ad_2]
Source link
