Danish FSA issues first injunctions to Article 9 funds
Unclear, inconsistent and insufficient information. Denmark’s FSA issues its first round of injunctions to managers of funds labeled sustainable for failure to comply with new EU requirements.
BY SIMON LUND CHRISTIANSEN, TRANSLATED BY KATRINE GØTHLER
Eight managers of Article 9 labeled funds have for the first time received injunctions from the Danish Financial Supervisory Authority, Finanstilsynet, for violating the EU’s Sustainable Finance Disclosure Regulation (SFDR), shows a thematic investigation from the FSA.
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