European Union:
Sustainable Finance Developments
03 April 2021
ELVINGER HOSS PRUSSEN, société anonyme
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Since 10 March 2021, credit institutions and investments firms
providing portfolio management services or investment advice, terms
defined by MIFID II, must comply with Level 1 transparency
obligations regarding the impact of ESG factors on their activities
and products, as set out in the Disclosure Regulation (EU)
2019/2088 (SFDR ). The insurance and
pension sector is also affected, depending on activities and
products offered.
Level 2 obligations will become binding only as of 2022.
Additional legislative work at EU level is underway to further
the objectives on green finance set out in the European Green Deal .
For more details on this topic, please refer to the
article here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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