Process

LuxFLAG accepts and reviews applications on a first-come, first-served basis.

Investment funds wishing to apply for the LuxFLAG ESG Label should first review the Eligibility Criteria and consult with LuxFLAG in order to assess whether or not they may be eligible for the label.

Next

In a second step, all new Applicant Fund must complete and sign an Letter of Intent along with a Checklist and provide all requested documentations.

All information received from the Applicant Fund is only used for the purpose of assessing compliance with the Eligibility Criteria of the Label.

Next

Applicants will receive an acknowledgement by e-mail within ten business days of receipt.

Applications will be reviewed and any additional information solicited if necessary. LuxFLAG Team and Management will review the application and provide an internal report. When the application is complete, it is presented to the ESG Label Eligibility Committee of LuxFLAG for analysis and recommendation to the Board of Directors.

Next

Based on the recommendation, the Board of LuxFLAG will approve or reject the application.

From the application deadline to the Board decision, it should take no longer than two months. A written notification of the decision will then be sent to the Applicant Fund.

Next

Successful applicants will be required to pay a fee of Euro 3,000

upon receipt of an invoice and will have to sign a set of Terms and Conditions relating to the use of the LuxFLAG ESG Label.

Next

The Label is granted for a period of one year and must be renewed.

To this end LuxFLAG will issue the Investment Fund with an invitation to submit an updated application document at least two months prior the expiry of its Label.

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