Despite its new obligations for financial intermediaries taking effect in September 2020, the European Commission's updated Shareholder Rights Directive (SRD II) is still very much in the early stages of a full and seamless adoption across European regulated markets, according to a new report by global fintech Broadridge Financial Solutions.
Legal & Regulation
With one of the final barriers to implementing the changes to the PRIIPs Regulation now removed, research from FE fundinfo has found that fund groups will still struggle to meet the end of year deadline.
The European Fund and Asset Management Association (EFAMA) has published its response to the European Commission's consultation on the establishment of a European Single Access Point (ESAP) for financial and non-financial information publicly disclosed by companies.
Franklin Templeton has welcomed the new EU Sustainable Finance Disclosure Regulation (SFDR), which is an important step in driving forward transparency and authenticity in how investors approach ESG and sustainability.
In line with the EU action plan for financing sustainable growth, the Cyprus Securities and Exchange Commission (CySEC) has confirmed its commitment to comply with sustainable finance standards.
Asset managers face ‘significant’ compliance costs to adapt to the new EU Sustainable Finance Disclosure rule which starts to take effect from 10 March, a new report published by Bloomberg Intelligence (BI) says.
Institutional investors in the US are increasingly planning to adopt ESG in their portfolios, swayed by recent evidence of sustainable investments’ outperformance.
Financial services firms have planned to move an estimated GBP1.3 trillion in assets from the UK into the EU since the Brexit referendum, according to the latest estimates from EY’s Financial Services Brexit Tracker.
There are now only 30 days left for Irish-domiciled UCITS, structured as SelfManaged Investment Companies (SMICs), and Internally Managed AIFs to finalise and approve their action plans detailing how they will address the substance requirements set out in the Central Bank of Ireland’s Letter of 20 October 2020.
A GBP3.2 trillion investor coalition against modern slavery, including Aberdeen Standard Investments, Church of England Pensions Board, Legal & General and Rathbones, has put pressure on 22 laggard companies on the FTSE 350 to comply with the UK’s modern slavery laws.