Regulatory Alerts2024-05-14
Help the investor in search of sustainable investments
The Dutch Authority for the Financial Markets (AFM) issued a supervisory report requiring investment firms and life insurers to better integrate sustainability preferences into their Product Oversight and Governance (POG) and suitability assessments. The regulator found that while many firms have taken initial steps, significant gaps remain in how clearly sustainability is explained to clients and how precisely their specific sustainable investment preferences are identified. The AFM expects firms to simplify language, rigorously capture detailed sustainability goals, and actively prevent the sale of non-sustainable products to investors seeking sustainable options.
Share