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Expert Analysis

How EU ESG Regs Affect US Financial Market Participants

By Patricia Volhard, Ulysses Smith and Mitchell Tate (May 11, 2023, 7:05 PM EDT) -- The Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial sector, the Sustainable Finance Disclosure Regulation, or SFDR, affects asset managers raising capital in Europe. While the application of the SFDR to non-EU fund managers was not explicitly dealt with in the regulation passed in 2019, the European Commission confirmed that the SFDR, and therefore its disclosure and reporting obligations, applies to all funds marketed in the EU....

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