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Implementation and streamlining of existing rules in focus for 2024, with all eyes on EU elections in June and the implications for the sustainable finance agenda.
Financial institutions will only be required to conduct due diligence on their own operations but will have to implement 'robust' transition plans.
Concessions on access to justice measures and transition plans also endorsed by permanent representatives from European member states.
Sources following the process say that France has been lobbying for the removal of the sector from the bloc's due diligence directive.
As stakeholders gear up for the next trilogue on the bloc's proposed due diligence directive, RI explores some of the key sticking points.
MEPs back inclusion of institutional investors and asset managers in the CSDDD.
European Parliament committee votes in favour of directive, which also sets out details on investor due diligence measures and director responsibilities on transition plans.
Leaked documents show right-wing MEPs are pushing to exempt all investment firms from the CSDDD.
Ministers call for inclusion of financial institutions to be up to member states, and for scope to only cover 'chain of activities'.

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