Last Updated on June 3, 2025 by Arnaud Collignon
Extension of the Initial Submission Deadline for the SFDR Data Collection Exercise
The Commission de Surveillance du Secteur Financier (CSSF) has announced an important update regarding the Sustainable Finance Disclosure Regulation (SFDR) data collection exercise. This extension is crucial for entities involved in the collection of precontractual disclosures.
Key Details of the Extension
- The initial submission deadline has been extended to June 30, 2023.
- This extension applies to all financial market participants and financial advisers.
- Entities are encouraged to utilize this additional time to ensure the accuracy and completeness of their data submissions.
The CSSF emphasizes the importance of high-quality data in promoting transparency and sustainability in the financial sector. The extension aims to facilitate compliance with the SFDR requirements, ensuring that all stakeholders can meet their obligations effectively.
Next Steps for Financial Entities
Entities should take the following actions:
- Review the CSSF announcement for detailed guidance.
- Prepare and finalize their data submissions by the new deadline.
- Engage with relevant stakeholders to ensure alignment on data collection processes.
By adhering to these guidelines, financial entities can contribute to a more sustainable financial ecosystem.