Draft Commission Delegated Regulations on sustainable finance

On 4 January 2019, the European Commission published the following draft Delegated Regulations on how investment firms and insurance distributors should take sustainability issues into account when advising clients: Commission Delegated Regulation (EU) …/… of XXX amending Delegated Regulation (EU) 2017/565 as regards the integration of Environmental, Social and Governance (ESG) considerations and preferences into the investment advice and portfolio management; and Commission Delegated Regulation (EU) …/… of XXX amending Regulation (EU) 2017/2359 as regards the integration of Environmental, Social and Governance (ESG) considerations and preferences into the investment advice for insurance-based investment products. The draft Delegated Regulations form part of the European Commission’s  Action Plan on Financing Sustainable Growth, and amend MiFID II and the Insurance Distribution Directive respectively. ESG considerations do not currently…

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