Bloomberg Law
Sept. 20, 2021, 11:46 AM

Asset Managers Facing Greenwash Risks to Get Clarity From EU (1)

John Ainger
John Ainger
Bloomberg Editorial
Frances Schwartzkopff
Frances Schwartzkopff
Bloomberg News

Asset managers are about to get some eagerly awaited details on a key plank of Europe’s anti-greenwash regulation.

A draft outlining so-called Regulatory Technical Standards will be made available at the end of September or early October, Patrik Karlsson, a senior policy officer at the European Securities and Markets Authority who’s helping finalize the document, told Bloomberg. RTS is intended to provide the industry with a more granular guide to new requirements on how to assess and report on the greenness of a financial product.

“We are working as hard as we can to deliver,” Karlsson said. “But it has ...

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