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Amendments to FIN-FSA regulations and guidelines 3/2011 as regards sustainability risks and sustainability factors to be taken into account

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Amendments have been made to FIN-FSA regulations and guidelines 3/2011 on the organisation and code of conduct of investment fund activities.

Based on the FIN-FSA’s regulatory powers, the present amendments to the regulations and guidelines implement nationally Commission Delegated Directive (EU) 2021/1270 amending Directive 2010/43/EU as regards the sustainability risks and sustainability factors to be taken into account for Undertakings for Collective Investment in Transferable Securities (UCITS).

New regulations incorporated into the regulations and guidelines provide that sustainability risks and sustainability factors shall be taken into account by management companies in their activities.

The amendments to the regulations and guidelines are applicable as of 1 August 2022.

For more information, please contact

Kristian Nihtilä, Senior Policy Advisor, telephone +358 9 183 5294 or kristian.nihtila(at)fiva.fi

Appendix

Regulations and guidelines 3/2011 Organisation and code of conduct of investment fund activities (in Finnish)

This news item was originally published by the Financial Supervisory Authority (FIVA FI). For more information, please see the Source Link.

Regulator Information

Abbreviation: FIN-FSA
Jurisdiction: Finland

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