With the aim of supporting financial operators for the purpose of complying with the SFDR Regulation, which is entering into application on 10 March 2021, the Italian financial market Authority (CONSOB) has drawn the attention of UCIs (Undertakings for Collective Investment in Savings) and IPIBs (insurance-based investment products) that have, on that date, ongoing offerings, to update their pre-contractual disclosure in order to include information on transparency of remuneration policies and products offered. Conversely, UCIs and IPIBs whose offerings will be launched after 10 March 2021 must draft pre-contractual disclosure in accordance with the SFDR.
Periodic reports, to be filed with CONSOB, must indicate the measures taken and internal control systems put in place to comply with SFDR.
CONSOB’s warning no. 3/21 and Q&A on first application of SFDR Regulation of 4th March 2021.