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Take sustainability risks into account |
Due Diligence |
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- Description:
- Take sustainability risks into account when complying with the requirements applicable to the management company's activities and organisation.
- Frequency:
- Continuous
- Check frequency:
- -
- Products/Services:
- UCITS managed by the management company and their activities
- Checking responsibility:
- -
- Check method:
- -
- Rule set:
-
-
- Source reference:
- Article 1(2), amending Article 4(1)
- Source excerpt:
- Member States shall ensure that management companies take into account sustainability risks when complying with the requirements laid down in the first subparagraph.
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Retain resources and expertise |
Governance |
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- Description:
- Retain the necessary resources and expertise for the effective integration of sustainability risks.
- Frequency:
- Continuous
- Check frequency:
- -
- Products/Services:
- Management company's activities for the effective integration of sustainability risks
- Checking responsibility:
- -
- Check method:
- -
- Rule set:
-
-
- Source reference:
- Article 1(3), amending Article 5(5)
- Source excerpt:
- Member States shall ensure that for the purposes laid down in paragraphs 1, 2 and 3, management companies retain the necessary resources and expertise for the effective integration of sustainability risks.
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Integrate sustainability risks in UCITS management |
Due Diligence |
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- Description:
- Integrate sustainability risks in the management of UCITS, taking into account the nature, scale and complexity of the business.
- Frequency:
- Continuous
- Check frequency:
- -
- Products/Services:
- Management of UCITS by investment companies
- Checking responsibility:
- -
- Check method:
- -
- Rule set:
-
-
- Source reference:
- Article 1(4), Article 5a
- Source excerpt:
- Member States shall ensure that investment companies integrate sustainability risks in the management of UCITS, taking into account the nature, scale and complexity of the business of the investment companies.
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Identify sustainability-related conflicts of interest |
Governance |
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- Description:
- When identifying relevant types of conflicts of interest, include conflicts that may arise as a result of integrating sustainability risks.
- Frequency:
- Continuous
- Check frequency:
- -
- Products/Services:
- Processes, systems and internal controls of management companies
- Checking responsibility:
- -
- Check method:
- -
- Rule set:
-
-
- Source reference:
- Article 1(6), amending Article 17(3)
- Source excerpt:
- Member States shall ensure that, when management companies identify the types of conflicts of interest the existence of which may damage the interests of a UCITS, those management companies include those types of conflicts of interest that may arise as a result of the integration of sustainability risks in their processes, systems and internal controls.
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Take sustainability risks into account in activity requirements |
Due Diligence |
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- Description:
- Take sustainability risks into account when complying with the applicable activity requirements.
- Frequency:
- Continuous
- Check frequency:
- -
- Products/Services:
- Activities of management companies and, where applicable, investment companies relating to UCITS
- Checking responsibility:
- -
- Check method:
- -
- Rule set:
-
-
- Source reference:
- Article 1(7), amending Article 23(5)
- Source excerpt:
- Member States shall require that management companies take into account sustainability risks when complying with the requirements set out in paragraphs 1 to 4.
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Take principal adverse impacts into account |
Due Diligence |
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- Description:
- Take principal adverse impacts of investment decisions on sustainability factors into account where those impacts are considered or are required to be considered under Regulation (EU) 2019/2088.
- Frequency:
- Event-triggered
- Check frequency:
- -
- Products/Services:
- Investment decisions and sustainability factors of management companies or, where applicable, investment companies
- Checking responsibility:
- -
- Check method:
- -
- Rule set:
-
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- Source reference:
- Article 1(7), amending Article 23(6)
- Source excerpt:
- Member States shall ensure that where management companies, or, where applicable, investment companies, consider principal adverse impacts of investment decisions on sustainability factors as described in Article 4(1), point (a), of Regulation (EU) 2019/2088, or as required by paragraphs 3 or 4 of Article 4 of that Regulation, those management companies or investment companies take into account such principal adverse impacts when complying with the requirements set out in paragraphs 1 to 4 of this Article.
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Risk management procedures for sustainability risks |
Due Diligence |
-
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- Description:
- Include procedures enabling the management company to assess each managed UCITS's exposure to market, liquidity, sustainability, counterparty and other risks that may be material, including operational risks.
- Frequency:
- Continuous
- Check frequency:
- -
- Products/Services:
- Each UCITS managed by the management company
- Checking responsibility:
- -
- Check method:
- -
- Rule set:
-
-
- Source reference:
- Article 1(8), amending Article 38(1)
- Source excerpt:
- The risk management policy shall comprise such procedures as are necessary to enable the management company to assess for each UCITS it manages the exposure of that UCITS to market, liquidity, sustainability and counterparty risks, and the exposure of the UCITS to all other risks, including operational risks, which may be material for each UCITS it manages.
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Emtract Ingest