Regulatory Alerts2021-04-21
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Commission Delegated Regulation (EU) 2021/1255 amending Delegated Regulation (EU) No 231/2013 regarding sustainability risks and factors for Alternative Investment Fund Managers
The European Commission amends Delegated Regulation (EU) No 231/2013 to require Alternative Investment Fund Managers (AIFMs) to integrate sustainability risks into their internal procedures, organizational arrangements, and risk management policies. The amendment adds definitions for sustainability risks and factors, mandates the retention of necessary expertise for their integration, and requires AIFMs to identify conflicts of interest arising from sustainability risk integration. It also obliges AIFMs considering principal adverse impacts to account for them in compliance with specific articles. The regulation enters into force on the twentieth day following its publication and applies from 1 August 2022.
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