Amendments to the SFDR RTS have entered into force
Published 20 February 2023
Category: Impact and ESG
On 20 February 2023, the Commission Delegated Regulation (EU) 2023/363 of 31 October 2022 amending and correcting the RTS in the Commission Delegated Regulation (EU) 2022/1288 entered into force. The adoption of the amendments was touched upon in a previous update.
The amendments and corrections ensure alignment with the Commission Delegated Regulation (EU) 2022/1214. Adjustments have been made to few articles specifying pre-contractual and periodic disclosures about the exposure of financial products to investments in fossil gas and nuclear energy activities. Further, Annex II to V have been replaced with updated templates which include information on fossil gas and nuclear energy.
The European Commission has earlier this year published a number of targeted proposals to amend the PRIIP Level 1 Regulation, implementing more modern rules on how a PRIIP Key Information Document (KID) is provided to investors. The proposed changes aim to change the content of the (KID) which must be provided to retail investors before investing.KID / PRIIPS
On 30 August 2023, the Danish Financial Supervisory Authority (“DFSA”) published a memo describing the requirements in SFDR art. 11 for periodic reporting.ComplianceDisclosure RequirementsSustainability
The progress reports are a result of a push from stakeholders requesting greater market integrity, investor protection and trusted environments for sustainable investments as sustainability has become an important competitive factor.ESMASustainability
On 31 July 2023 the European Commission adopted European Sustainability Reporting Standards (ESRS) which are mandatory standards for companies under CSRD to use when reporting on sustainability information.Sustainability
On 1 July 2023, a revision of the Investment Screening Act (the “Act”) entered into force. The revision revolves around two areas: public contracts and administrative procedures.Danish RegulationGovernance