European Commission provides SFDR closure
The European Commission has (finally) provided responses to questions raised by European Supervisory Authorities (ESAs) regarding SFDR back in September 2022.
The guidance represents a positive step towards providing further clarity on the intricacies of the regulation and broadly avoids a total amendment of current Article 8 and 9 disclosures.
Fund managers now have a level of closure on what is expected of them and can mostly maintain their disclosure plans.
The main updates are highlighted below.
Defining a ‘sustainable investment’
The EC has clarified that minimum thresholds for Article 9 funds will not be introduced.
Categories: AnalysisESGESG policyESG regulationESG update