Draft ESG measures to amend AIFMD/UCITS/MiFID—one minute guide
Produced in partnership with Lora Froud of Macfarlanes , Andrew Henderson of Macfarlanes , Louise Bralsford of Macfarlanes and Tiffany Cox of Macfarlanes
Draft ESG measures to amend AIFMD/UCITS/MiFID—one minute guide

The following Financial Services practice note produced in partnership with Lora Froud of Macfarlanes, Andrew Henderson of Macfarlanes, Louise Bralsford of Macfarlanes and Tiffany Cox of Macfarlanes provides comprehensive and up to date legal information covering:

  • Draft ESG measures to amend AIFMD/UCITS/MiFID—one minute guide
  • What are the draft ESG measures?
  • Impact of the draft ESG measures on the industry
  • Application of the draft ESG measures
  • Scope of the draft ESG measures
  • Brexit implications of the draft ESG measures
  • New concepts included in the draft ESG measures
  • Next steps
  • Recent sustainable finance and ESG developments

Draft ESG measures to amend AIFMD/UCITS/MiFID—one minute guide

This one minute guide, written in partnership with Lora Froud, partner, Andrew Henderson, partner, Louise Bralsford, solicitor, and Tiffany Cox, solicitor at Macfarlanes discusses the suite of draft environmental social governance (ESG) measures to amend the Alternative Investment Fund Managers Directive 2011/61/EU (AIFMD), the Undertakings for Collective Investments in Transferable Securities Directive 2009/65/EC (UCITS), and the recast Markets in Financial Instruments Directive 2014/65/EU (MiFID II), including impact on the industry, Brexit implications, new concepts and next steps.

What are the draft ESG measures?

The suite of draft measures (the Draft Delegated Acts), which will affect UCITS and AIF managers and MiFID investment firms (collectively, managers). Draft Delegated Acts are a further development of the European Commission’s Sustainable Finance Action Plan.

The Draft Delegated Acts follow the Disclosure Regulation (Regulation (EU) 2019/2088) and the Taxonomy Regulation (Regulation (EU) 2020/852) (together, the Regulations), both already published in the Official Journal, and which apply to managers, and which prescribe certain website and investor-reporting disclosures about the firm’s approach to ESG.

For more information on the Commission’s consultation on the Draft Delegated Acts and feedback received, see European Commission seeks feedback on sustainable finance delegated acts, LNB News 09/06/2020 36 and Feedback received on: Sustainable finance—obligation for mutual funds to advise clients on social & environmental aspects.

Impact of the draft ESG measures on the industry

If

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