Regulatory Alerts2022-12-28
Recommendation 2022-R-02 of December 14, 2022, on promoting extra-financial characteristics in life insurance advertising communications
The ACPR issued Recommendation 2022-R-02 to combat greenwashing by requiring life insurance providers to ensure their advertising regarding extra-financial characteristics is clear, accurate, and non-misleading. The document mandates specific disclosure rules, such as linking to SFDR information, clarifying the scope of sustainable features within contracts and funds, and integrating greenwashing risks into internal control procedures. These requirements apply to all life insurance advertising promoting extra-financial aspects and became effective for communications disseminated from April 1, 2023.
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