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Environmental Social & Governance (ESG) European Union European Supervisory Authorities (ESAs)

A&O Shearman

ESAs update SFDR Q&As

A&O Shearman on

The European Supervisory Authorities—the European Banking Authority, European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority—have published an updated version of their...more

Proskauer - Regulatory & Compliance

New SFDR Clarifications Published by the European Supervisory Authorities

On 4 August 2025, the European Supervisory Authorities (“the ESAs”) published updated guidance on the application of the Sustainable Finance Disclosure Regulation (“SFDR”) by adding to their Q&A. Below, we break down the...more

Hogan Lovells

Green STS securitisations moving forward with standardised sustainability disclosures

Hogan Lovells on

On 8 July 2024, the European Commission Delegated Regulation (EU) 2024/17001 entered into force, providing long-awaited regulatory technical standards (RTS) as mandated under Articles 22(6) and 26d(6) of the EU Securitisation...more

A&O Shearman

European Supervisory Authorities Publish Joint Report on Principal Adverse Impacts Disclosures under the EU Sustainable Finance...

A&O Shearman on

The European Supervisory Authorities have published their third annual report on disclosures of principal adverse impacts under the EU Sustainable Finance Disclosure Regulation. The report assesses both entity and...more

Mayer Brown

The ESMA Sets Out Its Long-term Vision on the Functioning of the Sustainable Finance Framework

Mayer Brown on

On 24 July 2024, the European Securities and Markets Authority ("ESMA") published an opinion on the sustainable finance regulatory framework (the "ESMA Opinion"), which outlines the ESMA's long-term vision for the functioning...more

Goodwin

A New Sustainable Investment Framework for the EU? ESMA’s Latest Opinion

Goodwin on

Those who have had to navigate and consider the EU Sustainable Finance Disclosure Regulation (SFDR) have faced its challenges and noted its deficiencies. Specifically, these have included data gaps, the SFDR’s use as a...more

Proskauer - Regulatory & Compliance

Regulation Round Up - June 2024

Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Key developments in June 2024: 28 June PRIIPs Regulation: The Joint Committee...more

A&O Shearman

European Supervisory Authorities Publish Joint Opinion on the Assessment of the EU Sustainable Finance Disclosure Regulation

A&O Shearman on

The European Supervisory Authorities have published a joint opinion assessing the EU Sustainable Finance Disclosure Regulation. The opinion proposes simplification of product categories under the existing regulation,...more

Latham & Watkins LLP

ESAs Propose New SFDR Classification System

Latham & Watkins LLP on

The ESAs urge the European Commission to consider a labelling rather than a disclosure regime to help consumers understand the sustainability goals of financial products....more

Proskauer - Regulatory & Compliance

European Supervisory Authorities’ Joint Opinion on SFDR 2.0

On 18 June 2024, the European Supervisory Authorities (the “ESAs”) published a joint opinion (the “Opinion”) on their recommendations for the next iteration of the Sustainable Finance Disclosure Regulation (“SFDR”)....more

Walkers

Irish Quarterly Legal and Regulatory Report - Asset Management and Investment Funds July - September 2023

Walkers on

Welcome to the July – September 2023 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds. This report covers key dates and developments during the quarter, such...more

Proskauer Rose LLP

UK and EU Sustainable Finance Regulation: Taking Stock with Change on the Horizon

Proskauer Rose LLP on

Both opportunities and challenges have arisen for the asset management industry as a result of the rapid introduction of UK and EU sustainable finance regulation in recent years. The new requirements have been heightened in...more

A&O Shearman

Greenwashing in sustainable finance – key takeaways from EU developments

A&O Shearman on

There are useful takeaways for EU and non-EU firms arising from the European Supervisory Authorities’ (ESA) latest thinking on greenwashing. In June 2023, the ESAs issued progress reports examining greenwashing risks and...more

K&L Gates LLP

European Commission Responds to ESA's Questions on the Interpretation of SFDR, Including with Respect to the Definition of...

K&L Gates LLP on

On 14 April, the long-awaited responses (the Q&As) of the European Commission (the Commission) to questions put to it by the European Supervisory Authorities (the ESAs) in relation to the interpretation of the Sustainable...more

Latham & Watkins LLP

European Commission Clarifies Aspects of SFDR With Additional Guidance

Latham & Watkins LLP on

The Commission has clarified requirements for financial product classifications and the definition of “sustainable investment” under the SFDR. ...more

Cadwalader, Wickersham & Taft LLP

EC Will Not Introduce Minimum Criteria for Sustainability Funds Under SFDR

The European Commission has rejected suggestions that it introduce minimum environmental standards for Article 8 or Article 9 funds under the EU Sustainable Finance Disclosure Regulation (SFDR). On April 14, 2023, the...more

Paul Hastings LLP

The Sustainable Finance Disclosure Regulation (“SFDR”) – first look at the new round of the proposed changes to the RTS

Paul Hastings LLP on

On 12 April 2023, the European Supervisory Authorities (“ESAs”) published a joint consultation, proposing further amendments to the Regulatory Technical Standards (“RTS”) regarding the sustainability indicators in relation to...more

Cadwalader, Wickersham & Taft LLP

European Commission presents report to the European Parliament and Council on the functioning of the EU Securitisation Regulation

On 10 October 2022, the European Commission (the “Commission”) published its report (the “Report”) to the European Parliament and Council on the functioning of Regulation (EU) 2017/2402 (the “EU Securitisation Regulation”) as...more

Hogan Lovells

ESG Regulation Monthly Round-Up - October 2022

Hogan Lovells on

After a relatively quiet August in the area of sustainable finance-related disclosures, we have looked back throughout September 2022 and summarised the key points coming out of the EU....more

A&O Shearman

European Commission Call for Advice on Greenwashing Monitoring and Supervision

A&O Shearman on

The European Commission has published a call for advice addressed to the European Supervisory Authorities on the monitoring and supervision of "greenwashing" across the EU. Greenwashing can broadly be understood as the...more

Hogan Lovells

ESG Regulation Monthly Round-Up: Looking back through July

Hogan Lovells on

Welcome to July’s edition of the ESG Regulation Monthly Round-Up. Once again, it was a busy month on the SFDR and Taxonomy front following the (i) European Supervisory Authorities' report on voluntary disclosure of principal...more

Hogan Lovells

ESG Market Alert – July 2022

Hogan Lovells on

In this alert, we provide a round-up of the latest developments in ESG for UK corporates. In this month’s ESG Market Alert, we cover: Our inaugural ESG Game Changers Summit; The ESA’s consultation on standardised Simple,...more

Hogan Lovells

ESG Regulation Monthly Round-Up - June 2022

Hogan Lovells on

Welcome to June’s edition of the ESG Regulation Monthly Round-Up. Once again, it’s been a busy month on the SFDR and Taxonomy front following the publication of the European Supervisory Authorities (“ESAs”) clarifications on...more

Hogan Lovells

Step forward for green securitsations with standardised STS-related environmental disclosures

Hogan Lovells on

The European Supervisory Authorities ("ESAs") have been hard at work fulfilling their mandates as to how to incorporate environmental, green and social ("ESG") requirements into securitisation. Swiftly on the heels of the...more

A&O Shearman

Great Fund Insights - New SFDR Principle Adverse Impacts (PAI) regime - key points

A&O Shearman on

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

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