To better help asset managers of European funds be prepared for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader.
To better help asset managers of European funds be prepared for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader.
Broadridge Financial Solutions has launched a new Environmental, Social and Governance (ESG) reporting solution to help asset managers of European funds prepare for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR).
The new solution, which enables disclosure through the European ESG Template (EET), is a timely expansion of Broadridge’s multi-jurisdictional regulatory fund reporting suite used by asset managers globally. The end-to-end EET outsourcing solution has rigorous evidential control systems to support asset managers from pre-production through to dissemination, providing complete support for all aspects of the EET, encompassing composition, ongoing maintenance and dissemination to distribution channels. With a track record of over two decades of subject matter expertise, the solution is based on already established processes for managing regulatory reporting for funds and an existing dissemination network to industry end points.
The SFDR regulations require Principal Adverse Impact (PAI) information to be publicly disclosed effective January 2023, as well as from amendments to both MiFID II and the Insurance Distribution Directive (IDD) coming into effect in August 2022. The EET, designed by Financial Data Exchange (FinDatEx), will facilitate the necessary exchange of data between product manufacturer and distributor for the purpose of fulfilling ESG-related regulatory requirements contained in the SFDR, relevant provisions of the Taxonomy Regulation, and the relevant delegated acts complementing MiFID II and IDD.
