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ARTICLE · 11 MARCH 2021

Asset Management & Investment Funds Update - March 2021

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

William Fry advises leading Irish and international companies, covering both the public and private...

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The first compliance deadline, although by no means the last, for UCITS managers and AIFMs under the Sustainable Finance Disclosures Regulation or SFDR is upon us.

IrelandFinance and Banking
Lorena Dunne
Lorena Dunne
Vincent Coyne
Vincent Coyne
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The 'Sustainable Finance' Issue: planning for SFDR compliance post the initial deadline of 10 March 2021

The first compliance deadline for UCITS managers and AIFMs under the Sustainable Finance Disclosures Regulation (SFDR) is upon us. As funds and fund management companies (FMCs) finalise their compliance preparations for the initial 10 March 2021 deadline, we look ahead to the key SFDR-driven action items for 2021 and beyond.

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SFDR (LEVEL 1) – Post-10 March 2021

Website Disclosure Requirement – effective 30 June 2021

From 10 March 2021, SFDR requires FMCs, on a comply-or-explain basis, to assess and make website disclosure of the impact of investment decisions of funds under management on environmental, social and employee matters, respect for human rights, anti-corruption and anti-bribery matters (sustainability factors). From 30 June 2021, large FMCs (those with more than five hundred employees) are mandated to comply i.e. the 'explain' aspect of this

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