Swedish FSA analyzes questionable implementation of SFDR

A Swedish FSA study of the implementation of the new disclosure directive by fund managers found that 18 funds are marketed as sustainable without actually being classified as light green (Article 8) or dark green (Article 9).

Swedish FSA headquarters in Stockholm | Photo:

When EU's Sustainable Finance Disclosure Regulation (SFDR) came into effect on March 10, it meant that money managers had to adapt to tougher demands regarding the information they disclouse to investors.

To get a better understanding of how managers are handling the stricter information demands, the Swedish Financial Supervisory Authority, Finansinspektionen, decided to conduct an analysis into sustainability disclosures since the implementation.

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