Brussels, 9 March 2021
The Belgian FSMA issued a communication to inform companies of the entry into force of European Regulation (EU) 2019/2088 on sustainability-related disclosures (SFDR Regulations) in the financial services sector.
In this context, this communication clarifies the rules that must apply companies and products and the FSMA expectations in this regard. The entry into force is on 10 March 2021.
FSMA is in charge of the supervision of the compliance with the provisions of the SFDR Regulations. The aim of the Belgian authority is to ensure that all information published on sustainability are accurate, clear, not misleading, adequate, transparent and in line with the prospectus and the KIIDs, which therefore will reduce greenwashing.
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