Great Fund Insights: New ESG changes to MiFID II, AIFMD and the UCITS Directive - what fund and asset managers need to know

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, AIFMD and the UCITS Directive. These will contain various requirements, including a new obligation on portfolio managers to capture information about their client’s ESG preferences and comply with these when managing client portfolios. There are also prescribed changes to organisational requirements.