---
title: Buy Side Asks For SFDR Delay
description: AMIC, the buy-side voice of ICMA, highlighted challenges with the Sustainable Finance Disclosure Regulation.
image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/market-particimifid-ii-delay-May-12-2022-08-55-23-91-AM.jpg
---

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 09.02.2020

 By Shanny Basar

 Data Management

# Buy Side Asks For SFDR Delay

 09.02.2020 By Shanny Basar

![Buy Side Asks For SFDR Delay](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/market-particimifid-ii-delay-May-12-2022-08-55-23-91-AM.jpg)

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ICMA AMIC responds to ESAs' consultation on the Sustainable Finance Disclosure Regulation

In [its response AMIC](https://www.icmagroup.org/assets/documents/Regulatory/Asset-Management/AMIC-response-ESG-Disclosure-RTS-010920.pdf), the buy-side voice of ICMA, highlighted several challenges with the implementation measures proposed by the three European authorities, including both firm and product disclosure requirements.

https://twitter.com/ICMAgroup/status/1300839659434659840

For instance, the proposed quantitative disclosure of asset management companies' ESG footprints would not only be of little relevance to investors who invest in products, but it will give them an inaccurate picture of the principal adverse impacts of assets under management (AUM), as many asset classes (sovereign bonds, green bonds, money markets and cash equivalents, currency, some commodities) cannot be evaluated against the proposed KPIs and given that this approach does not consider the materiality concept.

In light of the expected delay in adopting the implementation measures and the scale of the issues to be resolved, AMIC once again urges the EC and the ESAs to postpone the application date of SFDR.

Source: ICMA

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