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ESAs Seek to Clarify Draft Regulatory Technical Standards under the SFDR

AUTHORs: Tara Doyle DATE: 14/07/2022

ESAs Seek to Clarify Draft Regulatory PDF | 0.74 MB

Detailed regulatory technical standards (“RTS”) under the Sustainable Finance Disclosure Regulation (“SFDR”) are expected to apply from 1 January 2023.  Following “numerous requests for clarification received from stakeholders and national competent authorities”, on 2 June 2022, the European Supervisory Authorities (“ESAs”) published “Clarifications on he ESAs’ draft TS under SFDR”. 

The key areas addressed by the ESAs2  include the following:

  • disclosure of principal adverse impacts (“PAI”) of investment decisions on sustainability factors,
  • guidance related to pre-contractual and periodic product disclosures;
  • guidance related to Taxonomy-related product disclosures;
  • guidance related to “do no significant ham” (“DNSH”) disclosures; and
  • guidance related to disclosures for financial poducts with investment options.

Read more on this publication here.

Please get in touch with your usual Asset Management and Investment Funds Department contact or any of the contacts listed in this publication should you require further information in relation to the material referred to in this update.