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ARTICLE · 17 JUNE 2022

Sustainability Changes To MiFID – Practical Implications For Firms

Herbert Smith Freehills Kramer LLP
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There are now less than 2 months to go before the sustainability changes to EU MiFID apply. These will have far reaching consequences for distribution chains and suitability assessments...

United KingdomFinance and Banking
Marina Reason
Marina Reason
Heike Schmitz
Heike Schmitz
Patricia Horton
Patricia Horton
Shantanu Naravane
Shantanu Naravane

There are now less than 2 months to go before the sustainability changes to EU MiFID apply. These will have far reaching consequences for distribution chains and suitability assessments, not just for EU firms but also (indirectly) for non-EU (including UK) firms. There will also be a number of challenges that firms will need to address as part of their implementation projects, not least the lack of suitable data to underpin compliance and limited product ranges that can be offered to clients with sustainability preferences.

We have prepared a practical guide on the steps that firms should be considering when implementing the sustainability changes to their product governance and suitability assessment frameworks.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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