As from 1 January 2023, Belgian insurance companies will be required to provide pre-contractual information for SFDR Article 8 and 9 financial products.
These companies should indicate in template pre-contractual disclosures whether they make investments in economic activities that qualify as environmentally sustainable under the EU Taxonomy. As reports prepared by issuers under the Taxonomy Regulation will not yet be available on 1 January 2023, the FSMA wishes to prevent the companies from mentioning in those templates that they make investments in economic activities that qualify as environmentally sustainable under the EU Taxonomy. By doing so, the FSMA aims at containing the risk of greenwashing.
This news item was originally published by the Financial Services and Markets Authority (FSMA BE). For more information, please see the Source Link.
