From: RegTech Analyst
Three European Supervisory Authorities are looking to update the standards under the EU Regulation on sustainability-related disclosures in the financial services sector (SFDR) and will host a public hearing about its proposals.
The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) will organise a public hearing on proposed environmental, social and governance (ESG) disclosure standards for financial market participants, advisers and products.
The aim of the public hearing is to explain and discuss the content of the consultation paper published on 23 April.
The proposals are aim to strengthen protection for end-investors and improve the disclosures to investors from a broad range of financial market participants and financial advisers. It also looks to strengthen the disclosures to investors regarding financial products.
The regulators said that the hearing will be of interest to any stakeholder affected by the Regulation on sustainability-related disclosures in the financial services sector, such as financial market participants, financial advisers, including their representative associations, environmental associations, investor representatives or consumer bodies, and consultants or academics and representatives from the EU and national institutions
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