SFDR

The ESAs updated the consolidated Q&A on SFDR and the SFDR Delegated Regulation. The ESAs provided clarity on subjects regarding scope issues, the definition of sustainable investment, the current value of all investments in PAI and Taxonomy-aligned disclosures, PAI disclosures, financial product disclosures, multi-option products, taxonomy-aligned investment disclosures and financial advisers and execution-only FMPs.

The Guidelines will start applying three months after this publication, i.e. on 21 November 2024. The objective of the Guidelines is to ensure that investors are protected against unsubstantiated or exaggerated sustainability claims in fund names, and to provide asset managers with clear and measurable criteria to assess their ability to use ESG or sustainability-related terms in fund names.