On 23 April, the three European Supervisory Authorities (ESAs) - the EBA, EIOPA and ESMA - issued a joint consultation paper on proposed environmental, social and governance (ESG) disclosure rules, called Regulatory Technical Standards (RTS).
The RTS are prompted by several obligations under the Regulation (EU) 2019/2088 (the “Sustainable Finance Disclosure Regulation” or “SFDR”) and aim to strengthen investor protection as well as improve disclosures on sustainability-related matters.
The draft RTS include:
Fund houses have until 1 September 2020 to submit their feedback on the disclosure rules.
The consultation paper and the proposed rules are available here.
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Please note that any information provided is general in nature, is based on the latest publicly available information as analyzed on a best endeavor basis and does not constitute any specific legal opinion or advice.
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