The three European Supervisory Authorities (ESAs) – EBA, ESMA and EIOPA – have noted a general improvement in the situation regarding the publication of information relating to public investment projects in their joint report published on Wednesday 30 October under the ‘SFDR’ regulation on information to be provided in sustainable finance (see EUROPE 13069/25).
The ESAs noted an overall positive development on several points compared with previous years, particularly with regard to the location of disclosures, which are becoming increasingly accessible to retail investors, and the level and quality of the information disclosed. There have been significant improvements in product information, although the proportion of products disclosing ‘SFDR’ information remains fairly low.
While the level of compliance with the provisions of the ‘SFDR’ is not yet fully satisfactory, the ESAs recognise that the national competent authorities (NCAs) and financial market participants have made progress, but stress that further efforts are still required to achieve full compliance.
The ESAs have issued a number of recommendations for NCAs, including: - develop Sup Tech tools; - communicate supervisory expectations with financial market participants; - engage with market players through regular surveys and workshops with the sector; - control the composition of investments.
Read the report: https://aeur.eu/f/e45 (Original version in French by Anne Damiani)