Monetary and Financial Code

Article L533-22-1 of the Monetary and Financial Code of France was modified with the passage of France's Law 2015-992 in 2015. In the current version of Article L533-22-1, which has been in force since March 2021, portfolio management companies must include information on the risks associated with climate change (as well as on risks linked to biodiversity), as part of their compliance with the obligations set out in Article 3 of the EU Regulation 2022/1288, which contains the technical standards financial market participants must be when disclosing sustainability-related information under the Sustainable Finance Disclosures Regulation (SFDR). If companies choose not to publish certain pieces of information in their statements, they must justify why they have not done so.