Wealth Managers Prepare for October Deadlines with Green MiFID Checklist

Regulatory Compliance July 28, 2023 Ani Widham

Check all the boxes to align with regulators’ expectations for new MiFID II sustainability requirements

Download Checklist

Wealth managers operating in the EU should have been complying with the Green MiFID sustainability assessment¹ rules since August 2022. To date, regulatory attention has been light given the delay in translation of the guidelines. Following this, and ESMA’s recent announcement of a call for evidence on the subject, we expect an increase in attention from member state supervisory bodies and enforcement activity by October 2023.

To help managers bring their practices inline with the regulation, Clarity AI has created a straightforward Green MiFID checklist to get everything in order before October. The checklist includes steps for:

  1. The initial operational set up
  2. Client outreach and engagement
  3. Required periodic actions
  4. Suggested periodic actions

Download Checklist


Align with regulators´ expectations, enhance your customer investment experience and lead the way towards a more sustainable world. As the leading sustainability tech platform, Clarity AI can support your firm with tailored solutions, leveraging our market-leading dataset for SFDR and EU Taxonomy, and a ready-to-use classification system, to solve for time and resources constraints. Contact us if you have any questions or to book a demo.

¹“Green MiFID” refers to changes made to the suitability requirements under the Markets in Financial Instruments Directive that stipulates that wealth advisers should take account of their clients’ sustainability preferences before recommending financial products. Similar rules were also implemented as part of the Insurance Distribution Directive (IDD).

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