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By Julie CASTIAUX, Associate Partner, Sustainability Lead Charlene MEYER, Manager Sustainability Service, KPMG Luxembourg
The ESG regulatory roadmap for private banking is driving actors to channel their efforts into implementing the Delegated Regulations*, which amend the second Markets in Financial Instruments Directive (MiFID II) and the Insurance Distribution Directive (IDD). They will apply from 2 August 2022.
Seemingly a typical regulatory update for investment firms at first glance, the Delegated Regulations’ repercussions have shaken the core business and operations of organizations providing investment advice and portfolio management services. The Delegated Regulations were adopted on 21 April 2021. One year on, we’ve...
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