MiFID II
Amendment of MiFID II
Practical implications
ESG Strategy Roadmap
Distribution
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Consider sustainability profile and preferences of customers + mandatory assessment
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Must take these sustainability preferences into account when offering financial products
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Prepare report to client how recommendation meets investment objectives, risk profile, capacity for loss bearing and sustainability preferences
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Target market assessment must also cover the instrument’s objective of sustainable investments or E/S characteristics
Risk Management
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Integrate sustainability risks into risk management policies
general Organizational requirements
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Take into account sustainability when complying with organizational requirements (qualitative and quantitative terms)