Investment fund sector adopts self-regulation standard for sustainability information
The Board of the Swedish Investment Fund Association has adopted a new standard for funds’ sustainability information. Compliance with the new standard, which meets the statutory sustainability information requirements that will come into force in the new year and makes it easy for fund savers to evaluate and compare funds’ sustainability work, is mandatory for all of the industry association’s members. New legislation will come into force on 1 January 2018 mandating the inclusion of sustainability information in funds’ full prospectus and annual reports. The legislative requirement