European Commission revised RTSs detailing ESG disclosures

European Commission revised RTSs detailing ESG disclosures

Financial advisors and market participants take note: Last week the European Commission bundled and published revised RTSs detailing ESG disclosures required under SFDR and the Taxonomy Regulation. Minor changes affect the templates you need for your SFDR “principal adverse impact” statements, pre-contractual disclosures and periodic statements. The revised RTSs, expected to be approved by the European Parliament and Council in due course, are scheduled to apply from 1 January 2023. For further information, see the Commission’s information page and the new RTSs here.