CSSF guidance on marketing communications
- Articles and memoranda
- Posted 22.12.2022
On 12 October 2022, the CSSF updated its FAQ on CBDF Marketing Communications ("CSSF FAQ"). The objective of this FAQ is to provide additional guidance to Luxembourg IFMs on certain key aspects of the marketing communication ("MC") requirements under Article 4 of the CBDF Regulation and ESMA Guidelines on marketing communications ("ESMA Guidelines"), which were implemented by the CSSF in its Circular 22/795.
The only change to the initial version of the FAQ in October is a change in the date from which IFMs must link marketing communications information to funds/sub-funds and identify ESG information (in the context of the application of Article 13 of SFDR and of the ESMA Supervisory briefing on Sustainability risks and disclosures in the area of investment management (ESMA34-45-1427)). This date has been changed from 1 April 2023 to 1 January 2023.
The key points of the CSSF FAQ, as amended in October 2022, are addressed in the dedicated article on our website.
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CSSF FAQ - Cross Border Distribution of Funds - GUIDANCE ON MARKETING COMMUNICATIONS
- cssf.lu
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REGULATION (EU) 2019/1156 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 20 June 2019 on facilitating cross-border distribution of collective investment undertakings and amending Regulations (EU) No 345/2013, (EU) No 346/2013 and (EU) No 1286/2014
- europa.eu
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Guidelines on marketing communications under the Regulation on cross-border distribution of funds
- esma.europa
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Circular CSSF 22/795 Application of the Guidelines of the European Securities and Market Authority on marketing communications (ESMA34- 45-1272)
- cssf.lu
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Supervisory briefing Sustainability risks and disclosures in the area of investment management
- esma.europa