SUMMARY
This edition of Private Equity Comment looks at the Sustainable Finance Disclosure Regulation, which fund managers will need to comply with beginning 10 March, 2021, an ongoing consultation on European Long Term Investment Funds, and the new regulations in the U.S. which could impact managers targeting ERISA investors.
SUSTAINABLE FINANCE DISCLOSURE REGULATION
The Sustainable Finance Disclosure Regulation will oblige fund managers to make certain disclosures, both on their website and in their fund documents, in relation to ESG and more particularly sustainability risks. The rules cover several different disclosure obligations including how managers and advisers integrate sustainability risks into investment decisions/advice and whether they consider the principal adverse impacts of their investment decisions/advice on sustainability factors. The initial disclosure requirements will come into force on 10 March, 2021. Further detail will be published through “regulatory t