She added: “To implement this, distributors will need to consider their suite of products and identify those that are impacted. They will then need to source the relevant information from the asset manager (and keep it up to date) so distribution agreements will need to be reworked."
"Communications with retail investors will also need to be overhauled to now include not only the labels and disclosures but also to ensure compliance with the new anti-greenwashing rule which requires that sustainability claims do not overstate green credentials and are fair, clear and not misleading. Overall, a lot to do in what is a very challenging timeframe."
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