On 12 April 2023, the European Supervisory Authorities (“ESAs“) – comprising the European Securities and Markets Authority (“ESMA”), the European Insurance and Occupational Pensions Authority (“EIOPA”), and the European Banking Authority (“EBA”) – published a joint consultation paper. The paper proposes amendments to the regulatory technical standards (“RTS”) on the content and presentation of principal adverse impacts (“PAI”) and financial product disclosures in Commission Delegated Regulation (EU) 2022/1288. The Delegated Regulation supplements the Sustainable Finance Disclosure Regulation ((EU) 2019/2088) (SFDR).
The purpose of the proposals is to broaden the disclosure framework and address some technical issues that have emerged since the SFDR was originally agreed.
Please click here to access our guide to ESAs proposed amendments to RTS under SFDR.
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