On 26 July 2021, the European Commission published a set of long-awaited Q&A guidance on the EU Sustainable Finance Disclosure Regulation (SFDR).
On 26 July 2021, the European Commission published a set of long-awaited Q&A guidance on the EU Sustainable Finance Disclosure Regulation (SFDR). The guidance was published in response to a request for a clarity by the European Supervisory Authorities on a number of specific points, many of which reflected issues raised by market participants that were left struggling to apply the Level 1 text of the Regulation from March this year.
The Commission’s guidance will be relevant in particular to:
- asset managers established outside of the EEA (e.g., in the UK, US or Switzerland) that market fund units into an EEA Member State under that jurisdiction’s national private placement regime; and
- any firm attempting to navigate Article 8 vs. Article 9 product characterisations, or that provides single managed account services within scope of the SFDR.
We have summarised in this alert some of the major points raised by the Commission’s guidance.
Click here to access full alert.