The European Supervisory Authorities have set out more specific guidance on the SFDR Regulation on sustainability-related disclosures in the financial services sector

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have published on February 25 a joint supervisory statement on the effective and consistent application and national supervision of the Regulation on sustainability-related disclosures in the financial services sector (SFDR). 

The overall objective of this statement is to achieve an effective and consistent application and national supervision of the SFDR, promoting a level playing field and the protection of investors. 

In this alert, you will read more about the SDFR background and its objectives, as part of the European Commission’s Sustainable Finance Action Plan. At the same time, this alert also tackles the delay of the RTS' application date and discusses the guidance for the interim period.