EFAMA calls for major reforms to SFDR labelling regime

In a statement yesterday (21 December), the industry group praised the transparency introduced by SFDR, but said the de facto labelling regime had "stretched it beyond its original intentions and not always been helpful". "The current European Commission review needs to address how SFDR can provide clearer, more meaningful information for retail investors, promote transition finance and align well with other relevant legislation," it argued. Divergence set to define regulation in 2024 following passing of UK financial services act In September, the European Commission launched a co...