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.
Europe's financial regulators are backing proposed legislation to boost the sector's capacity to embrace digital finance, but stressed it should go further to crack down on the use by the banking industry of of third-party tech giants such as Google and Amazon.
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EU Approves Controversial Changes To Disclosure Rules
Law360, London (February 4, 2021, 1:20 PM GMT) Europe s financial regulators said Thursday that they have signed off updates to investment disclosures for retail and insurance-based products, despite criticism from the sector that the changes to the already unpopular documents are bad news for consumers.
Europe s financial regulators have submitted amendments to the European Commission for a revamp of a regime that guides fund managers on disclosure to investors. (iStock) The European Supervisory Authorities said they have submitted amendments to the European Commission designed to revamp a blocwide regime that guides how fund managers disclose details such as fees and level of risk to investors. The updates were drafted.