EFAMA responses to European Commission consultations on MiFID, UCITS and AIFMD Delegated Acts

Brussels, 8 July 2020 The European Fund and Asset Management Association (EFAMA), published their response to the European Commission's consultations on delegated acts that seek to integrate sustainability risks and sustainability factors into UCITS (Undertakings for Collective Investment in Transferable Securities), AIFMD (Alternative Investment Fund Managers Directive) and MiFID (Markets in Financial Instruments Directive).

EFAMA welcomes the opportunity to share views on the EC draft Delegated Acts on the obligation for mutual funds and alternative investment funds to advise clients on social and environmental aspects. Since the outset, EFAMA has been a strong supporter of creating a solid framework for sustainable finance which facilitates the transition to a more sustainable European economy. European asset managers have been integrating ESG into their investment processes in different forms for some time to achieve the diverse sustainability goals of individuals and institutional asset owners.