The EET is a cross-sectoral template comprising the views of the banking, asset management, structured product, insurance and pensions industries. It has been developed as an industry initiative It is designed to help support meeting the regulations and there is no requirement to use the template
The EET is a cross-sectoral template designed to standardise the exchange of ESG data between asset managers and distributors to enable compliance with SFDR and also requirements under MiFID the Insurance Distribution Directive.
Developed by FinDatEx, the EET will provide the required data set for all funds to explain a fund’s ESG characteristics. The reporting required will depend on whether the funds are article 6, 8 or 9 funds.
Phase 1 of the EET (V1.0) came into effect from 1 June 2022. Asset managers marketing their funds in the European Union started to submit EET data on a voluntary basis from that date.