Broadridge Financial Solutions has launched a new end-to-end managed service solution to allow European asset managers to meeting their compliance obligations for the upcoming Sustainable Finance Disclosure Regulation (SFDR).
From 1 January, 2023, SFDR requires asset managers to consider and disclose in a consistent manner how ESG factors are adopted in their decision-making processes. For Articles 8 and 9 funds, this includes a Pre-contractual Disclosure (PCD), Periodic Disclosure (PD) and Website Disclosure (WD).
Additionally, starting 30 June, 2023, asset managers will also be required to produce a Principal Adverse Impact (PAI) statement to determine the impact of their investment decisions on sustainability factors.
Designed for asset managers looking after EU-domiciled funds, and UK funds being marketed to EU investors, Broadridge’s new managed service solution offers comprehensive support for all aspects of the composition, production, translation, and hosting of required disclosures under SFDR — including PCD, PD, WD and PAI — as well as maintenance and distribution of the European ESG templates.
Documents can be translated into 35 different languages in line with requirements, and distributed across a variety of channels, including embedded URLs or a document library, for dissemination to platforms or additional end points.