19th October 2022

SFDR Level 2 Deadline - Process Clarifications - File no later than 1 December 2022

The SFDR requires financial market participants and financial advisers, which includes UCITS management companies and Alternative Investment Fund Managers (AIFMs), to make pre‐contractual and ongoing disclosures to end investors with regard to the integration of sustainability risks, the consideration of adverse sustainability impacts, the promotion of environmental or social characteristics and sustainable investment. The SFDR Level 1 requirements came into force on 10 March 2021, whilst the SFDR Level 2 requirements will apply from 1 January 2023. This will result in updates to pre-contractual documentation for UCITS, RIAIFs and QIAIFs (“AIFs”). To facilitate orderly implementation of these requirements, the Central Bank of Ireland has established a streamlined filing process for pre-contractual document updates based on the SFDR Level 2 requirements, under which both UCITS management companies and AIFMs (‘Managers’) will be required to certify compliance with the requirements via an attestation. Filings must be made no later than 1 December 2022. CLICK HERE to read the full Notice of Intention.