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New – and not very consumer friendly – sustainability disclosure rules in limbo amid unsettled framework up to 2022

The new EU regulation for sustainability disclosure comes into effect on March 10. But the entire framework will not be ready until January 2022, making 2021 a transitionary year. In addition, Swedish fund industry representatives see the new framework as not very relevant to the average consumer.

Anna Larris, senior legal counsel for the Swedish Investment Fund Association (Fondbolagens Förening) | Photo: PR/Fondbolagens Förening

The European Union has been clear about not wanting to delay implementation of the so-called Sustainability Financial Disclosure Regulation (SFDR). When the full framework is in place, some issues might arise for companies already working on classifying their sustainable funds.

There is also a question of whether the scope of information given will be relevant for the average consumer, said Anna Larris, senior legal counsel for the Swedish Investment Fund Association (Fondbolagens Förening) in a digital seminar last week.

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