The European Supervisory Authorities published today a survey seeking public feedback on presentational aspects of product templates, pursuant to Article 8(3), Article 9(5) and Article 11(4) of the Regulation on sustainability‐related disclosures in the financial services (SFDR).
The ESAs propose to standardise the disclosure of information for
financial products that promote environmental and/or social
characteristics or have a sustainable objective. The use of such
mandatory templates will improve comparability of different financial
products in different EU Member States and are intended to be included
in existing disclosures provided by Alternative investment fund managers
(AIFMs), Undertakings for Collective Investment in Transferable
Securities (UCITSs), insurance undertakings, Institutions for
Occupational Retirement Provision (IORPs) or providers of pan-European
Personal Pensions Products (PEPPs).
In particular, the ESAs are inviting stakeholders to comment on the layout of the templates, which reflects the text of the draft Regulatory Technical Standards (RTS) from the recent public consultation on the SFDR that ran from 23 April until 1 September 2020.
The final content of the templates is subject to the outcome of a
concurrent consumer testing exercise and the ESAs’ final report on the
draft RTS under SFDR.
SURVEY
EIOPA
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