Published: December 2nd, 2022,
Last updated: December 21st, 2022
France was able to assert itself. The Council compromise on the Due Diligence Act will not automatically be applied to the financial sector. It is up to each member state to decide whether financial services are covered by the law or not. The definition of the financial industries to be regulated has also been significantly limited, with investment funds, for example, being almost completely excluded.