The European Insurance and Occupational Pensions Authority (EIOPA) recently published a letter in which the European Commission (EC) is informing the European Parliament and the Council that it could not adopt the set of draft regulatory technical standards for disclosures under the Sustainable Finance Disclosure Regulation (SFDR) within the stipulated three-month period, given their length and technical detail. EC is informing that it requires additional time for the adoption process and also about its decision to defer the date of application of the delegated act on the regulatory technical standards from July 01, 2022 to January 01, 2023. The European Supervisory Authorities (ESAs) had, in October 2021, delivered to EC the final report on these draft regulatory technical standards for disclosures.
Keywords: Europe, EU, Banking, Regulatory Technical Standards, SFDR, Sustainable Finance, Disclosures, ESG, ESAs, EC
Hasan leads Moody’s Analytics ESG methodology development. He is expert on carbon transition, nature related risks and is a guest lecturer at ESSEC Business school on sustainable finance.
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