ESAs launch survey on environmental and/or social financial product templates

The European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) 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 sustainabilityrelated disclosures in the financial services (SFDR).

Metadata
Provider: 
ECEC
URL: 
https://www.eiopa.europa.eu/content/esas-launch-survey-environmental-andor-social-financial-product-templates_enhttps://www.eiopa.europa.eu/content/esas-launch-survey-environmental-andor-social-financial-product-templates_en
Retrieved on: 
Tuesday, September 22, 2020
Information
Tags: 
European System of Financial Supervision, European Union, Financial regulation, Government agencies, European Insurance and Occupational Pensions Authority, Corporate law, Government, SFDR, Regulation (EU) No 648/2012, ESAS, Business law
Summary
Key Points: 
  • The European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) 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 sustainabilityrelated disclosures in the financial services (SFDR).
  • The survey is open for comments until 16 October 2020.
  • 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 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.
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