Events listed in Sustainable Finance Disclosure Regulation (SFDR)
Commission Notice on the interpretation and implementation of certain legal ...
ID 25427
The EU Commission has published a new Notice on the „interpretation and implementation of certain legal provisions of the Disclosures Delegated Act under Article 8 of EU Taxonomy Regulation on the reporting of Taxonomy-eligible and Taxonomy-aligned economic activities and assets“ in the Official Journal (OJ) of the EU. The purpose of this notice is to provide further interpretative and implementation guidance – in form ...
EU-Taxonomie für nachhaltige Investments – Update unseres Leitfadens
ID 25213
Der Bankenverband hat eine neubearbeitete Version seines Leitfadens zur EU-Taxonomie für nachhaltige Investitionen herausgebracht, der erstmals im Januar 2022 veröffentlicht wurde, um Banken und Finanzinstitute dabei zu assistieren, die Komplexität der EU-Taxonomie zu entwirren und eine Anleitung für die ersten Schritte zur Implementierung zu bieten. Der überarbeitete Leitfaden berücksichtigt eine Vielzahl von Aktualisierungen, darunter auch den delegierten Rechtsakt „z ...
AFM publishes Guidelines on Sustainability Claims
ID 25207
The AFM has released Guidelines on Sustainability Claims for financial institutions and pension providers (Leidraad duurzaamheidsclaims). These guidelines aim to help market participants make accurate and clear sustainability claims, given the financial sector’s pivotal role in promoting sustainability. Sustainability claims encompass any statements or expressions related to sustainability made by market participants, whether in non-mandatory information like marketing ...
ESAs analyse the extent of voluntary disclosure of principal adverse impacts under ...
ID 25136
The JC of the ESAs has released their second annual report on the voluntary disclosure of PAI under the SFDR. The report reveals an overall improvement in compliance with SFDR requirements compared to the previous year, although significant variations still exist in the quality of compliance among financial market participants and across jurisdictions. Notably, disclosures have become more accessible on websites. Some key findings ...
ALFI position paper on the calibration of the depositary duties as regards the ...
ID 24891
On 11 September 2023, ALFI released a position paper addressing the calibration of depositary duties in the context of monitoring ESG investments. This paper was prompted by §46 of the ESMA supervisory briefing published in May 2022 concerning sustainability risks and disclosures in investment management (ESMA34-45-1427). The document, authored by ALFI’s Depositary Bank Forum Steering Committee and ALFI’s ad hoc ESG investment limits working ...
Periodisk rapportering om bæredygtighed for finansielle produkter (SFDR art. 11)
ID 24770
The FSA has issued a memo outlining the obligations for financial market participants regarding periodic sustainability reporting. Effective from 1 January 2023, these entities are mandated to produce an annual report detailing the sustainability attributes of their financial products or the sustainable investment objectives linked to each individual product. The frequency of this reporting is set to be annual, although the placement of this ...
Konsultation abgeschlossen: BaFin veröffentlicht Merkblatt zum Zuordnungsansatz
ID 24378
Die BaFin veröffentlicht ein Merkblatt 02/2023 (VA) zur Anwendung des Zuordnungsansatzes durch Lebensversicherungsunternehmen im engeren Sinne sowie Pensionskassen und Pensionsfonds im Rahmen der EU-Offenlegungsverordnung, welches Unternehmen ermöglicht, Vermögenswerte konkreten Finanzprodukten zuzuordnen, um den Anforderungen der EU-Offenlegungsverordnung (SFDR) zu entsprechen. Der optionale Zuordnungsansatz erläutert die Möglichkeit, spezifische Kapitalanlagen nur zur Offen ...
Leidraad Klimaatcommitment verbeterd
ID 24361
A new version of the guidance for relevant financing and investments has been jointly published by the umbrella organizations involved in the Climate Commitment, including the Pension Federation. The four umbrella organizations (the Dutch Banking Association, the Association of Insurers, the Pension Federation, and DUFAS) will update the guidance annually. This second version of the guidance applies to the **reporting of the CO2 content ...
Supervisory approach in the light of sustainability risks
ID 24357
Alberto Corinti, a member of the Board of Directors of the IVASS, discusses the supervisory approach concerning sustainability risks. He highlights that sustainability-related events and risks associated with the green transition can have adverse impacts on both insurers‘ liabilities and assets. As the insurance industry plays a crucial role as a risk-taker and institutional investor in promoting a sustainable world, supervisors find it increasingly ...
Stellungnahme zum Entwurf des PAI-Review der ESA abgegeben
ID 24240
Der GDV äußert in seiner Stellungnahme Bedenken und Anforderungen in Bezug auf die neuesten Vorschläge der gemeinsamen Konsultation der ESAs zur Überprüfung der delegierten Verordnung zur SFDR bezüglich der Angabe von wesentlichen nachteiligen Auswirkungen (PAIs) und den Offenlegungspflichten für Finanzprodukte (bitte EventID #20588 beachten). Der GDV weist darauf hin, dass die Berichtsanforderungen des SFDR eine erhebliche Belastung für die Marktteilnehmer darstellen. Bei de ...