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🔗 Back to Summary. 🇫🇷 French Version: 2019R2088_FR.6. Open the PDF. Direct link to EUR-LEX.
Article 5 – Transparency of remuneration policies in relation to the integration of sustainability risks ⬅️ | ➡️ Article 7 – Transparency of adverse sustainability impacts at financial product level
Article 6 - Transparency of the integration of sustainability risks
1.
Financial market participants shall include descriptions of the following in pre‐contractual disclosures:
(a)
the manner in which sustainability risks are integrated into their investment decisions; and
(b)
the results of the assessment of the likely impacts of sustainability risks on the returns of the financial products they make available.
Where financial market participants deem sustainability risks not to be relevant, the descriptions referred to in the first subparagraph shall include a clear and concise explanation of the reasons therefor.
2.
Financial advisers shall include descriptions of the following in pre‐contractual disclosures:
(a)
the manner in which sustainability risks are integrated into their investment or insurance advice; and
(b)
the result of the assessment of the likely impacts of sustainability risks on the returns of the financial products they advise on.
Where financial advisers deem sustainability risks not to be relevant, the descriptions referred to in the first subparagraph shall include a clear and concise explanation of the reasons therefor.
3.
The information referred to in paragraphs 1 and 2 of this Article shall be disclosed in the following manner:
(a)
for AIFMs, in the disclosures to investors referred to in EU;
(b)
for insurance undertakings, in the provision of information referred to in Article 185(2) of Directive 2009/138/EC or, where relevant, in accordance with 2016;
(c)
for IORPs, in the provision of information referred to in 2016;
(d)
for managers of qualifying venture capital funds, in the provision of information referred to in 2013;
(e)
for managers of qualifying social entrepreneurship funds, in the provision of information referred to in 2013;
(f)
for manufacturers of pension products, in writing in good time before a retail investor is bound by a contract relating to a pension product;
(g)
for UCITS management companies, in the prospectus referred to in Article 69 of Directive 2009/65/EC;
(h)
for investment firms which provide portfolio management or provide investment advice, in accordance with EU;
(i)
for credit institutions which provide portfolio management or provide investment advice, in accordance with EU;
(j)
for insurance intermediaries and insurance undertakings which provide insurance advice with regard to IBIPs and for insurance intermediaries which provide insurance advice with regard to pension products exposed to market fluctuations, in accordance with 2016;
(k)
for AIFMs of ELTIFs, in the prospectus referred to in 2015;
(l)
for PEPP providers, in the PEPP key information document referred to in 2019.