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Act No. 25 on sustainability-related disclosure in financial services and a classification system for sustainable investments.

Country/Territory
Iceland
Document type
Legislation
Date
2023
Source
FAO, FAOLEX
Subject
General
Keyword
Fiscal and market measures Subsidy/incentive Sustainable development Access-to-information Business/industry/corporations Classification/declassification
Geographical area
Arctic, Atlantic Ocean Islands, Europe, Europe and Central Asia, North Atlantic, North-East Atlantic, Northern Europe
Abstract

The present Act lays down rules on disclosure of sustainability in financial services and classification system for sustainable investments. The Act applies participants in the financial market and financial advisers according to Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector. The Act makes Regulation (EU) 2019/2088 and Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088, applicable in Iceland.

Full text
Icelandic
Website
www.althingi.is

References - Legislation

Implements

Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088.

Legislation | European Union | 2020

Keyword: Biodiversity, Climate change, Hazards, Ecosystem preservation, Environmental planning, Environmental standards, Marine area, Marine pollution, Pollution control, Protection of environment, Risk assessment/management, Sustainable development, Sustainable use, Policy/planning, Standards, Management/conservation, Precautionary principle, Freshwater pollution, Freshwater resources management, Protection of habitats, Protection of species

Source: FAO, FAOLEX