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The SFDR burden is increasing for Asset Managers
Today, April 14th 2023, the financial services commissioner Mairead McGuinness has published amendments on the interpretation of Regulation (EU) 2019/2088. These amendments seek to clarify how under the sustainable finance disclosures regulation (SFDR) investment products can be sold as "sustainable" to investors after asset managers downgraded many of their funds due to uncertainty over the rules.
How Europe and the USA are approaching ESG disclosures.
In the third blog of our ESG series, we examine how the SEC’s proposed changes impact private funds and the similarities between the SEC’s Proposed Amendments and other ESG regimes.
ESG: What the SEC proposed amendments mean for Form ADV
In this second blog of the ESG series, we examine the proposed ESG-related disclosure and reporting requirements for investment advisers through amendments to Form ADV, Part 2A (“the Brochure”). The Proposed Amendments require investment advisers to disclose their ESG investing approach by strategy, relationships with related persons, and any ESG-related impacts on proxy voting. These proposed changes will likely apply to wrap fee funds too.
ESG: A deep dive into the SEC proposed amendments
As global regulators are intensifying their focus on “greenwashing”, the absence of standardization or a common disclosure framework frustrates investors and their managers. Across the industry, there is a well-recognised lack of consistent and comparable data which may lead to potential greenwashing and is making the regulators’ and managers’ jobs ever more challenging and burdensome regarding regulatory data management.
What to do next for SFDR Level 2 reporting in 2023
The European Commission has delayed implementation of the second phase SFDR Level 2 disclosures until January 2023. This article examines what that means for AQMetrics clients and what has to be done by January 2023.
European Commission Delays Full Implementation of SFDR for 6 Months
The European Commission yesterday confirmed that it intends to delay the next round of the Sustainable Financial Disclosure Regulations, otherwise known as Level 2 RTS rules, by six months.
Efama calls for SFDR deadline extension
Efama has called on EU supervisors to delay its SFDR reporting rules, citing what it says are an unrealistic deadline, inconsistent reporting standards and high costs of procuring and processing data.
FCA Appoints First ESG Director, Reiterates Commitment to Sustainable Finance
FCA appointed its first ever Director of ESG this week, tapping Legal & General Investment Management’s (LGIM) Sacha Sadan for the new role.
The EU Taxonomy: Uncertainty Must Not Breed Complacency
By far the biggest regulatory change this year has been the SFDR regime, which went live on 10 March 2021.
ALFI Regulatory Update: SFDR and liquidity key focus points
Panelists looking at issues as diverse as market abuse, cross-border distribution, costs and fees, SFDR and, of course, liquidity risk management.