European Commission Q&As on the Sustainable Finance Disclosure Regulation (SFDR)
3rd September 2021
When preparing the regulatory technical standards for the Sustainable Finance Disclosure Regulation (SFDR), the European Supervisory Authorities (ESA’s) identified areas of uncertainty in the interpretation of some of the requirements of SFDR.
In January 2021, the ESAs issued a request for clarification to the European Commission and by a way of response to this request, on 26 July 2021, the European Commission published its Q&A on SFDR. This Q&A is intended to provide some clarity as to some of the scope and compliance requirements to the financial services industry.
It is worth noting though, that despite the Q&A a certain degree of uncertainty still remains. Zeidler Group’s ESG team has analysed and summarised and analysed the European Commission’s response to the ESAs Q&A to help firms understand which areas have been clarified and which remain uncertain.
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This impact assessment is dated 5 August 2021. Given the dynamic nature of regulatory changes in this space, please note that the assessment results may be subject to change. The results also reflect our current interpretation of the requirements and these may be subject to change once an industry market practice has developed.