On Thursday 14 September, the European Commission launched a targeted consultation and a public consultation to gather comments on the Sustainable Finance Disclosure Regulation (SFDR). This regulation, which applies from March 2021, sets out how financial intermediaries, such as asset managers, must communicate sustainability information to investors. It is designed to bring greater transparency to the market (see EUROPE 13217/30).
“Since the Sustainable Finance Disclosure Regulation (SFDR) was proposed in 2018, a lot has changed in the world of sustainable finance”, said Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, in a statement.
The aim of the consultation is therefore to find out whether these rules meet the needs and expectations of stakeholders and whether they are fit for purpose. “Sustainability information is key to empowering investors to make informed decisions on their investments”, she added.
The consultation is open until Friday 15 December. It will be accompanied by a series of workshops, kicking off on Tuesday 10 October with an online event to be opened by Ms McGuinness.
Further information: https://aeur.eu/f/8jx (Original version in French by Anne Damiani)