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Data from a new study by PwC Luxembourg shows that only 21.6% of the ManCos in the scope of the study issued a publicly accessible PAI statement. Of the issued statements, just over one in five (21.9%) followed the template prescribed by the SFDR Level II, resulting in significant disparities with limited data comparability.
The report ‘Mind the Gap: Principal Adverse Impact Statements in the AWM Industry’ also found that 22.2% of the firms surveyed were not compliant with the regulations, in other words neither published a PAI statement nor a declaration on why they would not report on PAIs at entity level. A further 7.5% of companies, while they had committed to disclosing the data, were not compliant with SFDR Level II.
PwC Luxembourg reviewed data...
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