A little bit more than one month after the beginning of its implementation, the regulation has raised some serious questions and concerns from asset managers, with some struggling to precisely identify which of their ESG and sustainable funds are eligible as article 8 or 9 products under the new requirements. The complications increase when we begin to consider the cross-border element of regulatory expectations asset managers might have to satisfy when operating across multiple different jurisdictions. The Hume Brophy team reflects on the impact the SFDR regulation has had on the industry and the complications that need to be overcome if the regulation is to be a success.
A bold vision for transport policy that is grounded in practicality, the Smart and Sustainable Mobility Strategy from the European Commission charts a course to an exciting destination.
The European Commission is taking action to ensure companies develop sustainable corporate governance models and supply chains, reporting publicly on the environmental, social and human rights impacts of business activities and on measures they are putting in place to achieve responsible business conduct. Its initiatives will impact on companies based or operating in the EU as well as on those exporting to the EU from third countries.
As figures show that last year Chinese business activity in the United Kingdom remained resilient despite the backdrop of trade tensions and disruption, we asked Hume Brophy’s international trade expert and former representative of Hong Kong to the WTO, Stuart Harbinson to shares some thoughts on what may come next for China’s trade relations with the UK and major trade superpowers.
The Financial Services sector has been urging the UK and EU to quickly come to an agreement, with a memorandum of understanding said to be expected in March. While equivalence remains a pipe dream for the UK, both sides have pressed on with their own agenda aimed at reshaping the European fund industry.