Sustainable Finance Disclosure Regulation
The EU Sustainable Finance Disclosure Regulation (”SFDR”) aims to increase transparency in the investments sector in relation to sustainability. It lays down a new set of disclosure requirements applicable to financial market participants, financial advisors and financial products. The SFDR takes a broad approach and asset managers, whether active in the environmental, social and governance (”ESG”) space or not, will need to comply with certain requirements, while additional requirements will apply in respect of ESG products. Setanta is considered a Financial Market Participant (”FMP”) due to the provision of portfolio management services to its clients.