Featured Product

    ESAs Request EC Input on Interpretative Issues in Application of SFDR

    January 14, 2021

    In a letter to EC, Steven Maijoor, the Chair of the Joint Committee of ESAs, mentioned several important areas of uncertainty in the interpretation of the Sustainable Finance Disclosure Regulation (SFDR or Regulation 2019/2088). These areas of uncertainty relate to the questions raised by stakeholders during the consultation process for draft regulatory technical standards for the content, methodologies, and presentation of disclosures pursuant to SFDR. The letter outlines certain priority questions that would benefit from a more urgent clarification, to facilitate an orderly application of SFDR from March 10, 2021. ESAs look forward to hearing from EC in this matter.

    The Annex to the letter elaborates on these priority areas of SFDR, which cover the:

    • Application of SFDR to non-EU and registered Alternative Investment Fund Managers, or AIFMs
    • Application of the 500-employee threshold for principal adverse impact reporting on parent undertakings of a large group
    • Meaning of “promotion” in the context of products promoting environmental or social characteristics
    • Application of Article 9 of SFDR on transparency of sustainable investments in pre‐contractual disclosures
    • Application of SFDR product rules to portfolios and dedicated funds

     

    Related Link: Letter (PDF)

     

    Keywords: Europe, EU, Banking, Insurance, Securities, SFDR, Sustainable Finance, Disclosure, ESG, Regulation 2019/2088, Sustainability-Related Disclosures, Climate Change Risk, EC, ESAs

    Related Articles
    News

    FDIC Proposes Amendments to Real Estate Lending Standards

    FDIC is seeking comments on a rule to amend the interagency guidelines for real estate lending policies—also known as the Real Estate Lending Standards.

    June 15, 2021 WebPage Regulatory News
    News

    ISDA Consults on Implementation of Fallbacks for Certain Swap Rates

    ISDA is consulting on the implementation of fallbacks for the sterling LIBOR ICE Swap Rate and for the USD LIBOR ICE Swap Rate.

    June 11, 2021 WebPage Regulatory News
    News

    BIS and BoE Launch Innovation Hub in London

    BIS and BoE launched the BIS Innovation Hub Center in London, which is the fourth new Innovation Hub Centre to be opened in the past two years.

    June 11, 2021 WebPage Regulatory News
    News

    ESRB Recommends Reciprocation of Certain Macroprudential Measures

    ESRB published recommendations on the reciprocation of macro-prudential measures in Belgium, France, Luxembourg, Norway, and Sweden.

    June 11, 2021 WebPage Regulatory News
    News

    US Agencies Set Out Unified Agenda for Planned Regulatory Actions

    SEC announced that the Office of Information and Regulatory Affairs released the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions.

    June 11, 2021 WebPage Regulatory News
    News

    EC Publishes Regulation on Key Aspects of Implementation of SA-CCR

    EC published the Delegated Regulation 2021/931, which supplements the Capital Requirements Regulation (CRR or Regulation 575/2013) with regard to the regulatory technical standards specifying the method for identifying derivative transactions with one or more than one material risk driver.

    June 10, 2021 WebPage Regulatory News
    News

    BCBS Consults on Prudential Treatment of Cryptoasset Exposures

    BCBS is consulting on preliminary proposals for the prudential treatment of cryptoasset exposures of banks.

    June 10, 2021 WebPage Regulatory News
    News

    EBA Revises List of Validation Rules for Reporting

    EBA issued a revised list of validation rules under the implementing technical standards on supervisory reporting.

    June 10, 2021 WebPage Regulatory News
    News

    Banking Authorities and Private Sector Collaborate on Wholesale CBDC

    BIS Innovation Hub, BDF, and SNB announced that, together with a private-sector consortium led by Accenture, they will conduct an experiment using wholesale central bank digital currency (wCBDC) for cross-border settlement.

    June 10, 2021 WebPage Regulatory News
    News

    ESAs Publish Amended Implementing Standards on Mapping of ECAIs

    ESAs published two amended implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs).

    June 10, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7093