UK:
Sustainability Changes To MiFID – Practical Implications For Firms
17 June 2022
Herbert Smith Freehills
To print this article, all you need is to be registered or login on Mondaq.com.
There are now less than 2 months to go before the sustainability
changes to EU MiFID apply. These will have far reaching
consequences for distribution chains and suitability assessments,
not just for EU firms but also (indirectly) for non-EU (including
UK) firms. There will also be a number of challenges that firms
will need to address as part of their implementation projects, not
least the lack of suitable data to underpin compliance and limited
product ranges that can be offered to clients with sustainability
preferences.
We have prepared a practical guide on the steps that firms should
be considering when implementing the sustainability changes to
their product governance and suitability
assessment frameworks.
You may also wish to listen to our webinar, hosted jointly by ISS ESG and HSF,
and read a short article (first published in Thomson Reuters
Regulatory Intelligence) on these changes.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from UK
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
Q&A: Safe Harbours For VASPs - Part 1
Ogier
Asian Legal Business was keen to hear from our experts on how this will allow virtual asset services providers (VASPs) to anchor in theses jurisdictions, despite increased regulatory burdens...
Q&A: Safe Harbours For VASPs - Part 2
Ogier
In 2023, Jersey and the British Virgin Islands passed legislation indicating they were welcoming virtual asset service providers, joining the likes of the Cayman Islands...
CRD VI And Its Impact On Lending Into Europe
Cadwalader, Wickersham & Taft LLP
December 2023 saw the publication by the EU of the near-final version of its ‘Banking Package' that makes significant changes to the Capital Requirements Directive known as ‘CRD VI'.
Financial Promotion Exemptions – UK Government U-Turn
Shepherd and Wedderburn LLP
In response to criticism, the UK Government announced in the 2024 Spring Budget that recent changes to the financial promotion exemptions eligibility criteria would be partially reversed from 27 March 2024.