New ESG changes to MiFID II - what private banks, wealth managers and advisers need to know

Our briefing provides further detail on the new requirements and considers when they will come into effect. We have also included links to mark ups of both the MiFID Delegated Directive and Regulation outlining the proposed changes.

As a further step in the roll out of its green agenda, the European Commission is shortly expected to finalise certain ESG related changes to MiFID II. This will contain various requirements, including a new obligation on advisers and portfolio managers to capture information about their client’s ESG preferences and comply with these when considering suitability. There are also prescribed changes to organisational requirements.

Our briefing provides further detail on the new requirements and considers when they will come into effect. We have also included links to mark ups of both the MiFID Delegated Directive and Regulation outlining the proposed changes.