ESA Publishes Joint Supervisory Statement on the Interpretation on Fund Managers’ ESG Disclosure Obligations
Published 8 March 2021
From 10 March 2021, fund managers are required to make certain ESG disclosures available on their website and in their pre-contractual disclosures to investors.
The European Supervisory Authorities (ESAs) have on 4 February 2021 published technical standards relating to content and presentation of the disclosures. These requirements will apply from 1 January 2022.
On 24 February 2021, the ESAs further published a joint supervisory statement that seeks to mitigate the risk of divergent application of the ESG Disclosure Regulation the interim period from 10 March 2021 to 1 January 2022.
While the ESAs have tried to clarify the content and presentation requirements in the technical standards, there are still several areas of uncertainty related to fund managers’ disclosure obligations pursuant to the ESG Disclosure Regulation. At Mazanti-Andersen, we are constantly tracking any development and input from the EU Commission’s technical experts on how to interpret these grey areas. Stay updated here at Mazanti Pulse.
Next step: The technical standards published on 4 February 2021 are yet to be adopted by the EU Commission – this is expected to take place in April 2021.
Go read our article on the specific requirements set out in the ESG Disclosure Regulation here.
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