Asset managers in a race to meet MiFID II ESG deadline

Half still need fill out ESG templates

Asset managers are struggling to fulfil MiFID II regulation requirements just a week ahead of the deadline, as nearly half of the market still needs to complete ESG templates.

New MiFID II and IDD directives state that from 2 August, any sustainability preferences of investors must be taken into account in the advisory process when assessing suitability for all their investment decisions. But managers are struggling to get this paperwork over the finish line as data from FE fundinfo revealed that more than half of fund groups are yet to submit data. ESG focused investing has been on the rise for several years and fund flow data has found that this part of the equity market is almost the only space maintaining inflows amidst high levels of volatility. Post-B...