12 April 2023
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have today published a Consultation Paper with amendments to the Delegated Regulation of the Sustainable Finance Disclosure Regulation (SFDR).
The ESAs are proposing changes to the disclosure framework to address issues that have emerged since the introduction of SFDR. The authorities seek feedback on the amendments that envisage:
Moreover, the ESAs propose further technical revisions to the SFDR Delegated Regulation by:
The Joint Committee of the ESAs received a mandate from the European Commission on 28 April 2022 to review and revise the Regulatory Technical Standards laid down in the SFDR Delegated Regulation. The ESAs informed the Commission in October 2022 that they will deliver the Final Report under the mandate by the end of October 2023.
The ESAs welcome comments to the Consultation Paper until 4 July 2023 via the response form.
The ESAs will organise a joint public hearing and targeted consumer testing during the consultation period. After considering the comments received, the ESAs will prepare a Final Report and submit it to the European Commission.