Climate Risk - Sustainable Finance Disclosure Regulation (‘SFDR’)
by Rory Brazil on 28·09·2022
The SFDR applies to all Financial Planners from the 10 March 2022 who are: • Insurance Brokers who provide insurance advice with regard to IBIPs. • Investment Brokers who provide investment advice (through providers) to both retail and professional investors. The rules apply to all financial products, including IBIPs, portfolio management, pension products and pan-European Personal Pension Products (‘PEPPs’), regardless of whether they are designed as “green” products with an ESG profile. Financial Planners who provide advice on IBIPs, and investment firms that provide investment advice, are required to consider and factor in sustainability risks in their advice process, and to provide information in accordance with the SFDR, both at entity level (on their website) and at product level (at pre-contractual stage).