A nonzero electric dipole moment (EDM) of the neutron, proton, deuteron or helion, in fact, of any finite system necessarily involves the breaking of a symmetry, either by the presence of external fields (i.e., electric fields leading to the case of induced EDMs) or explicitly by the breaking of the discrete parity and time-reflection symmetries in the case of permanent EDMs. We discuss two theorems describing these phenomena and report about the cosmological motivation for an existence of [Formula: see text] breaking beyond what is generated by the Kobayashi–Maskawa mechanism in the Standard Model and what this might imply for the permanent EDMs of the nucleon and light nuclei by estimating a window of opportunity for physics beyond what is currently known. Recent — and in the case of the deuteron even unpublished — results for the relevant matrix elements of nuclear EDM operators are presented and the relevance for disentangling underlying New Physics sources is discussed.