[PDF] disclosure regulation dechert

What are the taxonomy and disclosure regulations?

Together, the Taxonomy and Disclosure Regulations will require firms to disclose the degree of environmental sustainability of funds and pension products that are promoted as environmentally friendly, and include disclaimers where they do not (articles 8 and 9 of the Disclosure Regulation).

What does the EU Commission say about sustainable finance disclosures?

In its 11 April 2022 letter12, the EU Commission recognises that “developments in a novel and fast evolving area like sustainable finance disclosures will require regular adaptions of the regulatory technical standards to reflect increased demand for high quality sustainability-related information and to further promote supervisory convergence”.

Should portfolio management financial products continue to disclose under SFDR?

To existing portfolio management financial products. Good governance practices– the ESAs query whether, where a financial product disclosing under Article 8 or 9 of SFDR does not invest in companies with good governance, that financial product should be able to continue disclosing under Article 8, 9 and 11 of SFDR.

Do ESAS need to update the pre-contractual disclosures under SFDR?

The pre-contractual disclosures under Articles 6 and 7 of SFDR need to be updated and delivered to existing investors. Where financial products are no longer made available to new investors, the ESAs ask if: The website and periodic disclosures under Articles 7, 10 and 11 of SFDR need to be provided to investors.