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The weekly news source for investment management legal and compliance professionals

News January 29, 2018 Issue

Europe Considers Adding ‘Sustainability’ to Fiduciary Requirements

The European Commission, the governing arm of the European Union, is seeking comments on the possibility of adding environmental, social and governmental factors to what asset managers there must consider when making investment recommendations to clients. The Investment Adviser Association, in a January 22 comment letter to the Commission, has raised concerns that such requirements not dilute the duty of asset managers to act in the best interests of their clients.

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