Broadridge launches new solution for SFDR compliance
01 November 2022 United Kingdom
Image: JOE LORENZ DESIGN
Global fintech company Broadridge Financial Solutions has launched an end-to-end managed service solution to better support European asset managers in meeting their compliance obligations for the upcoming Sustainable Finance Disclosure Regulation (SFDR II).
Designed for asset managers looking after EU-domiciled funds, and UK funds being marketed to EU investors, Broadridge’s new managed service solution offers support for all aspects of the composition, production, translation, and hosting of required disclosures under the regulation.
Starting January 1, 2023, SFDR requires asset managers to consider and disclose how ESG factors are adopted in their decision-making processes.
For funds that come under SFDR’s Articles 8 and 9 compliance rules, this includes a pre-contractual disclosure, periodic disclosure and website disclosure.
Additionally, starting 30 June 2023, asset managers will also be required to produce a principal adverse impact (PAI) statement to determine the impact of their investment decisions on sustainability factors.
Broadridge’s new solution allows documents to be translated into 35 different languages in line with the requirements, and distributed across a variety of channels, including embedded URLs or a document library, for dissemination to platforms or additional end points.
Broadridge Fund Communication Solutions manages and distributes data for more than 1000 global fund groups and supports over 200 million fund data requests each year.
Afzal Amijee, commercial director at Broadridge Fund Communication Solutions, says: “Asset managers continue to navigate a very complex and changing regulatory landscape and are under increasing pressure to disclose more ESG data to investors.
“We are excited to be bringing to market a fully managed end-to-end ESG solution comprising SFDR and the European ESG Template reporting requirements. This will enable asset managers to efficiently provide data by leveraging automation and existing network links amongst fund distribution channels to ensure they have data and regulatory documents at the right time for their end clients.”
Designed for asset managers looking after EU-domiciled funds, and UK funds being marketed to EU investors, Broadridge’s new managed service solution offers support for all aspects of the composition, production, translation, and hosting of required disclosures under the regulation.
Starting January 1, 2023, SFDR requires asset managers to consider and disclose how ESG factors are adopted in their decision-making processes.
For funds that come under SFDR’s Articles 8 and 9 compliance rules, this includes a pre-contractual disclosure, periodic disclosure and website disclosure.
Additionally, starting 30 June 2023, asset managers will also be required to produce a principal adverse impact (PAI) statement to determine the impact of their investment decisions on sustainability factors.
Broadridge’s new solution allows documents to be translated into 35 different languages in line with the requirements, and distributed across a variety of channels, including embedded URLs or a document library, for dissemination to platforms or additional end points.
Broadridge Fund Communication Solutions manages and distributes data for more than 1000 global fund groups and supports over 200 million fund data requests each year.
Afzal Amijee, commercial director at Broadridge Fund Communication Solutions, says: “Asset managers continue to navigate a very complex and changing regulatory landscape and are under increasing pressure to disclose more ESG data to investors.
“We are excited to be bringing to market a fully managed end-to-end ESG solution comprising SFDR and the European ESG Template reporting requirements. This will enable asset managers to efficiently provide data by leveraging automation and existing network links amongst fund distribution channels to ensure they have data and regulatory documents at the right time for their end clients.”
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