Investors must now be asked about sustainability wishes in their portfolio.
(Photo: dpa)
Frankfurt Should sustainability be taken into account in your investment? What is sustainable for you? How green should your financial product be? Your investment advisor will almost certainly ask you these questions at the next meeting. As plausible and simple as that sounds at first: In practice, the new EU rules on sustainability criteria in investment advice, which must be applied from Tuesday, are causing real chaos even before they start.
Experts say the new complicated regulations on a generally elusive subject are coming too early because they are not fully prepared. In addition, the rules do not apply to tens of thousands of consultants in the country, which causes a lack of understanding even among those affected.
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