The application of PRIIPs has been mired in controversy. Our view remains that the latest attempts to address problems with the regulation are a step forward but fail to remedy the fundamental flaws.
The EU Sustainable Finance Disclosure Regulation 2019/2088 Disclosure Regulation” or “SFDR 10 March 2021. SFDR will impose environmental, social and corporate governance ESG disclosure and reporting requirements for a wide range of “financial services participants” including investment firms and fund managers.
Grégory Jullien of Deloitte Luxembourg looks at how tax policy is evolving to create a more transparent and sustainable environment for businesses in the EU.
US institute describes solution as ‘internally consistent approach’
CFA Institute’s plan to create a global ESG standard has triggered concern among some US and European asset managers already juggling overlapping regulations and rising costs in a crowded space.
Virginia-based CFA Institute, which offers chartered financial analyst certification globally, is forging ahead with its consultation, gathering feedback on its proposed principles of voluntary ESG disclosure standards for investment products. It aims to issue a draft voluntary standard in six months.
‘It is very difficult for investors to find products that are suitable for their needs and preferences,’ Chris Fidler, CFA’s senior director of global industry standards, tells