Amendments to the MiFID II Directive that came into effect in August 2022 mean that sustainability factors must be demonstrated in the policies and procedures used to provide advice.
To help things, a new European ESG template - or EET - has been developed by industry representatives (FinDatEx) to ease the exchange of data between asset managers and distributors. Asset managers marketing their funds in the EU started to submit EET data voluntarily from 1 June 2022.
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