On 29 October 2026 ESMA sent the European Commission its Final Report on technical advice on selected EU Taxonomy KPIs under the Disclosures Delegated Act (ESMA32-846262651-5927). The Commission’s call for that advice says it intends to adopt amendments to Delegated Regulation (EU) 2021/2178 in Q1 2027, which makes the report a direct input into how…
Directive 2024/825 applies in Luxembourg from Sunday 27 September 2026. On 23 September the CSSF published a two-paragraph communication reminding market participants that Directive (EU) 2024/825, known as the ECGT Directive on empowering consumers for the green transition, has been transposed by the Law of 9 June 2026 amending the Consumer Code. The CSSF expects…
On 21 July 2026 the CSSF published Version 5 of its FAQ on the Sustainable Finance Disclosure Regulation, and the whole revision sits in one question. Section II, Question 1 now sets out how a Luxembourg fund manager must handle changes to the Article 8 and 9 SFDR RTS precontractual templates that live inside a…
A client tells your adviser they want their portfolio to do some good. The questionnaire captures only low taxonomy-alignment ranges, the product shelf cannot meet the initial preference, and the file does not explain whether or why the preference was adapted. On 6 May 2026, ESMA told supervisors across the EU that these are the…