Veneziano & Partners and InReg issue new guidance on EU ESG disclosure regulations for funds

Organization
Veneziano & Partners
Sectors
Fund management Law
Published

InReg and Veneziano & Partners comment on the recent news of the postponement of the application of the SFDR Regulatory Technical Standards and announce the release of their information paper SFDR - Road Map to March 2021, part of their combined offering on EU Sustainable Finance Regulations strategic advisory. 

LONDON 19 October 2020: InReg and Veneziano & Partners comment on the recent news of the postponement of the application of the SFDR Regulatory Technical Standards and announce the release of their information paper SFDR - Road Map to March 2021, part of their combined offering on EU Sustainable Finance Regulations strategic advisory. 

The SFDR – Road Map to March 2021 and Beyond contains actionable intelligence and is a highly practical tool to help financial market participants in mapping out the step required to comply with SFDR by March 2021. 

The European Commission has recently issued a letter to propose the postponement to 2022 of the applicability date of the second level regulation on the Sustainable Finance Disclosures, initially set for the end of December 2020. The announcement of the EU Commission seems to exhibit the concerns expressed immediately before by the Securities and Markets Stakeholders Group. 

According to the letter issued by the European Commission, in the absence of binding and final regulatory technical standards, nothing prevents financial market participants and financial advisers from complying with the requirements already laid down by the level one regulation on Sustainable Finance Disclosures Regulation.

“Fund managers and especially management companies should not relax now and slow down their process of internal implementation of SFDR for March 2021” comments Jean Louis Catrysse from InReg. “Sustainable Finance disclosures serve different purposes”, he adds, “not only for investors but also for supervisory authorities”. 

“A first step forward and in the right direction is required now,” comments Attilio Veneziano from Veneziano & Partners. “The regulation on sustainable finance does not live a life of its own” he adds “and its success is linked to the completion of an iterative process with the other pieces of regulation on financial services affected, like UCITS, AIFMD and MiFID”.

The information paper SFDR - Road Map to March 2021 and Beyond can be requested on a standalone basis or as part of the ESG strategic advice offering made available by InReg and Veneziano & Partners and you can enquire about it either to info@inreg.eu or info@venezianoandpartners.co.uk. 

InReg delivers competency-based regulatory monitoring, advisory and training solutions to the asset management. It offers Skill Tech solutions help navigate continuously evolving regulatory landscapes. InReg offers C’level advisory expertise on fund distribution, legally required investor disclosures such as fund prospectuses, annual and semi-annual financial reports, Key Investor Information Documents (KIID), PRIIPs Key Information Document (KID), as well as prudential and statistical reporting to regulators and central banks or marketing material such as factsheets.

Veneziano & Partners is Veneziano & Partners is an international regulatory boutique specialising in the European regulation of cross-border fund distribution. In catering to a selected group of investment managers, hedge fund managers and financial institution worldwide, the firm offers a custom-made service that is unique and allows its clients to gain competitive advantage in an ever increasingly regulated environment for cross-border fund distribution of offshore investment funds under UCITS & AIFMD.

Press release distributed by PressHalo on behalf of Veneziano & Partners, on 19th October, 2020.