Read the CySEC Circular C683
Memo #09-2025
CySEC Circular No: C683
Date: 14/02/2025
Subject: Sustainability-related obligations of CIFs
Purpose: To highlight the key sustainability-related legislative acts and obligations applicable to CIF.
In Summary:
CySEC has issued the Circular C683 on 13/02/2025 to outline the sustainability-related obligations of Cyprus Investment Firms (‘CIFs’) as defined under European and national legislative acts.
These obligations align with the goals of the European Green Deal, fostering a greener and more sustainable economy.
Circular C683 highlights the key legislative acts and obligations applicable to CIFs, with a focus on ensuring compliance and alignment with the sustainability-related frameworks established at the EU level.
Circular C683 provides an overview of Sustainability-Related Obligations:
1) Sustainability‐Related Disclosures Regulation (‘SFDR’) – Regulation (EU) 2019/2088
2) EU Taxonomy – Regulation (EU) 2020/852
3) SFDR Delegated Regulation – Commission Delegated Regulation (EU) 2022/1288
4) Integration of Sustainability into MiFID II
5) Product Governance Obligations – Commission Delegated Directive (EU) 2021/1269
With Circular C683, CySEC provides key recommendations to ensure compliance with regulatory expectations and best practices in sustainable finance:
• Training and capacity building
• Enhanced client communication
• Continuous monitoring
• Engagement with ESMA Guidance
CySEC urges CIFs to take Circular C683 seriously and emphasizes the importance of integrating sustainability considerations into investment services.
Read the CySEC Circular C683
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