ESAs Launch Survey on Templates for Product Disclosures Under SFDR
ESAs launched a survey seeking feedback on the presentational aspects of product templates under the Sustainable Finance Disclosure Regulation (SFDR or Regulation 2019/2088). ESAs are inviting stakeholders to comment on layout of the templates that reflect the text of the draft regulatory technical standards from the recent public consultation (from April 23, 2020 to September 01, 2020) on content, methodologies, and presentation of disclosures under SFDR. The feedback period for this survey ends on October 16, 2020. The final content of the templates will be subject to the outcome of a concurrent consumer testing exercise and the final report of ESAs on the draft regulatory technical standards under SFDR.
ESAs propose to standardize the disclosure of information for financial products that promote environmental and/or social characteristics or have a sustainable objective. The use of standardized, mandatory templates will improve comparability of different financial products in member states in EU; these templates are intended to be included in the existing disclosures provided by Alternative Investment Fund Managers (AIFMs), Undertakings for Collective Investment in Transferable Securities (UCITSs), insurance undertakings, Institutions for Occupational Retirement Provision (IORPs), and providers of Pan-European Personal Pensions Products (PEPPs). The survey package also includes three preliminary, illustrative mockups of pre-contractual and periodic disclosure templates of products promoting Environmental and/or Social characteristics (under Articles 8 and 11 of the SFDR). The templates for disclosure of products with a sustainable investment objective (Article 9) are very similar to the templates for products promoting E/S characteristics and have not been included in the online survey.
Related Links
- Press Release
- Survey on Disclosure Templates
- Mockup 1 (PDF)
- Mockup 2 (PDF)
- Mockup 3 (PDF)
- Consultation on ESG Disclosures, April 2020
Keywords: Europe, EU, Banking, Insurance, Securities, SFDR, Regulatory Technical Standards, ESG, Disclosures, Sustainable Finance, ESAs
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Dieter Van der Stock
IFRS subject matter expert; LDTI subject matter expert; accounting authority; risk management specialist
Related Articles
EBA Proposes Standards for IRRBB Reporting Under Basel Framework
The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.
FED Issues Further Details on Pilot Climate Scenario Analysis Exercise
The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.
US Agencies Issue Several Regulatory and Reporting Updates
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
ECB Issues Multiple Reports and Regulatory Updates for Banks
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
CBIRC Revises Measures on Corporate Governance Supervision
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
EBA Updates Address Basel and NPL Requirements for Banks
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.
ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite
The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.