ESMA has published a new "Sustainable Finance Roadmap 2022-2024" setting out its strategic priorities and key planned actions for the next three years.
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In response to events in Ukraine, the EU and the UK have continued to announce further and more extensive sanctions on Russia. In this bulletin, we set out an overview of the three EU sanctions packages announced to date, and...more
In response to the Russian Federation’s formal recognition of two regions in Eastern Ukraine – Donetsk and Luhansk – as independent states, earlier this week the EU and the UK adopted an initial package of new sanctions...more
With significant fanfare, on 8 February 2022, the European Commission (the Commission) published its proposal for an EU Chips Act (the Act). The Commission President, Ursula von der Leyen, proclaimed the proposed Act a “game...more
The European Commission (the Commission) plans to adopt a European Chips Act (the Act) in 2022. The aim is for the European Union (EU) to double its market share in semiconductors (also referred to as chips or microchips)...more
The European Commission has finalised its proposed ESG-related changes to MiFID II. These are intended to fit together with SFDR, and are part of a suite of ESG related changes being made via amends to AIFMD, the UCITS...more
A number of deadlines are looming for private banks, wealth managers and advisers as the next stage of the EU’s Sustainable Finance Disclosure Regulation (SFDR) and Taxonomy Regulation begins to apply – this briefing gives a...more
The most innovative and challenging aspect of the EU’s Sustainable Finance Disclosure Regulation (SFDR) is probably the new principal adverse impacts or PAI regime. This is being introduced in stages, starting from 10 March...more
The European Commission published its long-awaited Strategy for Financing the Transition to a Sustainable Economy (the Strategy) today.
The Strategy was announced as part of the European Green Deal in 2019 (originally...more
7/7/2021
/ Corporate Governance ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
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Regulation Technical Standards (RTS) ,
SFDR ,
Small and Medium-Sized Enterprises (SMEs) ,
Sustainability
The European Union (EU) has created a new regulation for the control of exports, brokering, technical assistance, transit and transfer of dual-use items. ...more
An EU-wide sustainability reporting standard has been proposed by the European Commission ahead of a possible new international reporting standard on sustainability. The EU proposals expand the scope of non-financial...more
The EU Taxonomy Regulation has been in force since 2020, but a critical element of the Regulation – the Technical Screening Criteria (TSC) – has yet to be formally agreed. The European Commission’s announcement on 21 April...more
As Firms continue to implement SFDR, which applies on 10 March 2021 across the EU, our latest Great Fund Insights client alert gives further detail on the Regulatory Technical Standard and how firms can make sense of the new...more
During 2020, across many of the EU Member States and in the UK, restrictions related to so-called “high risk vendors” (HRVs) in the telecommunications sector were announced. In the UK, in November 2020, the UK Government...more
An ambitious plan to enhance the geopolitical strength of the EU?
On 19 January 2021, the European Commission presented its new strategy to foster the “openness, strength and resilience” of the EU’s economic and financial...more
Sustainable battery development and production is key to the EU’s clean energy and climate neutrality objectives, as they are expected to contribute to the uptake of electric vehicles. For this reason, the use of batteries is...more
Following months of protracted negotiations and coming four and a half years after the UK voted to leave the EU, 24 December 2020 saw the EU and UK finally agree the shape of their future relationship. While the Trade and...more
In a much-anticipated move, on 7 December 2020, the Council of the European Union adopted a Council Decision and a Council Regulation establishing the EU’s global human rights sanctions regime (the GHRSR). ...more
The European Commission and other bodies continue to press ahead with an ambitious Environmental, Social and Governance (ESG) sustainability agenda, with a number of further initiatives in the pipeline.
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As a further step in the roll out of its green agenda, the European Commission is shortly expected to finalise certain ESG related changes to MiFID II, AIFMD and the UCITS Directive. These will contain various requirements,...more
On 4 March 2020, the European Commission (the Commission) published a draft EU climate law, along with inception impact assessments for an EU carbon border adjustment mechanism and revisions to the Energy Taxation Directive....more
The European Commission has invited stakeholders to comment on issues that should be included in the next update of the Blue Guide on the implementation of EU product rules (the Blue Guide). The invitation can be found here....more
The start of a New Year is a good time to take stock as to what we can expect in European environmental law and policy over the next 12 months. Unlike previous years, 2020 is already shaping up to be a momentous year at both...more
On 11 December 2019, the new European Commission announced its much-awaited European Green Deal (EGD)1, which sets out a wide range of major policy and legislative proposals to transition Europe to be ‘climate neutral’ by...more
The EU’s key financing restrictions targeting certain Russian sectoral sanctions targets are contained in Article 5 of Council Regulation (EU) No 833/2014 (Article 5). Article 5 restricts certain activities involving...more