Green MIFID and Sustainable Finance. New CNMV criteria and clarifications

In August 2021, a significant regulatory development in the area of sustainability for investment firms took place: the adoption on 2 August of the Delegated Regulation (EU) 2021/1253 of the Commission of 21 April 2021, amending the Delegated Regulation (EU) 2017/565 of the Commission of 25 April 2016 regarding the integration of sustainability factors, risks and preferences into certain organisational requirements and operating conditions of investment firms (“Green MiFID II”), and which will be applicable as of 2 August 2022.

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