Central Bank Of Ireland Confirms Fast Track For SFDR Filings

• Published date: 26 September 2022
• Subject Matter: Finance and Banking, Financial Services
• Law Firm: Matheson
• Author: Ms Tara Doyle and Bronagh Maher

Representatives of the Irish Funds ESG Policy, Legal and Regulatory Working Group, including Head of Matheson's Asset Management and Investment Funds Department, Tara Doyle, recently met with the Central Bank of Ireland ("Central Bank") to discuss the Irish Funds submission to the Central Bank requesting a fast-track for the implementation of the Level 2 requirements under the Sustainable Finance Disclosure Regulation ("SFDR").

At the meeting, the Central Bank confirmed its intention to apply a stream-lined review process or "fast-track" to SFDR Level 2 filings. The deadline for filings using this process will be 1 December 2022. The Central Bank also confirmed that it intends to apply similar conditions to the Level 2 fast-track as applied to the previous fast-tracks for SFDR Level 1 and Taxonomy Level 1. There will be a sample review of filings after the filing deadline has passed. Broader SFDR-related changes, other than those required under the Level 2 regulatory technical standards, will be...