“Until recently, European legislation may not have been at the top of the agenda for financial services firms in the U.S., or anywhere outside the European Union.
But two factors might have you suddenly realizing that it’s worth paying attention to EU sustainable investment regulation, regardless of where you’re based. This is, especially true since some of this regulation is already in effect.
First, in order to market investment funds in the EU, firms often set up a local legal entity that could potentially expose the parent company to EU regulation. Second, the EU put new regulation in place mandating sustainability disclosure from certain types of financial firms.”
[COMMENTARY]For those readers engaged in financial services with European operations this is something you must investigate!
More than $3T of companies outside the EU could be on the hook for SFDR, by Divya Mankikar, July 30, S&P Global, UK.