News & Analysis as of

Disclosure Requirements SFDR European Undertakings for Collective Investment in Transferable Securities

Jones Day

ESMA Report on the Integration of Sustainability Risks and Disclosures Under SFDR

Jones Day on

The funds industry continues to wait for regulators and legislators to review and fix the multiple flaws in the existing SFDR regime. In the meantime, in July 2023, ESMA launched a “common supervisory action” ("CSA”)...more

Walkers

Irish Quarterly Legal and Regulatory Report - Asset Management and Investment Funds April – June 2023

Walkers on

In this quarter's edition of the legal and regulatory report, we include a number of key outputs from ESMA, including its updates to Q&As on the application of the AIFMD and the UCITS Directive (outlined at sections 1.2 and...more

Latham & Watkins LLP

European Commission Clarifies Aspects of SFDR With Additional Guidance

Latham & Watkins LLP on

The Commission has clarified requirements for financial product classifications and the definition of “sustainable investment” under the SFDR. ...more

Akin Gump Strauss Hauer & Feld LLP

European Commission publishes further guidance on interpreting SFDR

On 14 April 2023, the European Commission published its responses1to the questions2raised by the European Supervisory Authorities (ESAs) on a number of areas of uncertainty in the Sustainable Finance Disclosure Regulation...more

A&O Shearman

ESG changes to MiFID II product governance regime

A&O Shearman on

The European Commission has finalised its proposed ESG-related changes to MiFID II. These are intended to fit together with SFDR, and are part of a suite of ESG related changes being made via amends to AIFMD, the UCITS...more

Seyfarth Shaw LLP

Further Guidance on Enhanced ESG Disclosures in Hong Kong Financial Markets

Seyfarth Shaw LLP on

Background - Investors and asset managers continue to emphasize environmental, social, and governance (“ESG”) factors as drivers of financial value in their investment products....more

A&O Shearman

Great Fund Insights: Taxonomy Regulation disclosures: Luxembourg guidance for funds and asset managers

A&O Shearman on

On 2 December 2021, the CSSF published a communiqué to remind financial market participants under the Taxonomy Regulation of certain Taxonomy Regulation pre-contractual disclosures required before 1 January 2022 and to offer...more

A&O Shearman

Sustainable Finance Disclosure Regulation will apply from 10 March 2021

A&O Shearman on

On 10 March 2020, the ESG – Sustainable Finance Disclosure Regulation (EU) 2019/2088 (SFDR) will start to apply. SFDR disclosures will be applicable both to financial products (e.g., alternative investment funds (AIFs),...more

Goodwin

Sustainable Finance In Luxembourg — What Managers Should Do Now

Goodwin on

Regulation (EU) 2019/2088 of 27 November, 2019 on sustainability-related disclosures in the financial services sector, as amended by Regulation (EU) of 18 June, 2020 on the establishment of a framework to facilitate...more

Akin Gump Strauss Hauer & Feld LLP

ESG: New Disclosure Rules for Investment Managers

1. New EU and UK disclosure requirements - The new disclosure requirements for investment managers and advisers with respect to their environmental, social and corporate governance (ESG) policies will apply in the European...more

Proskauer Rose LLP

European ESG Disclosure Requirements for Asset Managers

Proskauer Rose LLP on

A new European regime on sustainability-related disclosures in the financial sector will come into force from March 2021, after first being announced in 2018 during the European Commission’s Action Plan on Sustainable...more

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