The European Commission’s widespread review of SFDR has been embraced by the industry, despite signs of irritation at a potential unraveling of measures managers have already put in place to meet current requirements.
The regulator set out a 44-page questionnaire for its consultation yesterday (14 September) to gather a range of feedback on current SFDR requirements and its interactions with other sustainable finance legislation. The Commission will also consider if any changes are warranted to make the regulations more effective, which include the possible scrapping of Article 8 and Article 9 product labelling. Phil Spyropoulos, partner, financial services at Eversheds Sutherland, explained that the Commission had the power "to really reshape the SFDR, rather than just tweaking technical requireme...
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