Legal & Regulatory News

European Commission adopts delegated regulation supplementing Sustainable Finance Disclosure Regulation

On 6 April 2022, the European Commission (the Commission) formally adopted a delegated regulation containing regulatory technical standards for disclosures of sustainability-related information under the Sustainable Finance Disclosure Regulation (SFDR) (the Delegated Regulation).

The Delegated Regulation specifies the regulatory technical standards for the content and presentation of information relating to the 'do no significant harm principle, as well as the content, methodologies and presentation of information regarding sustainability indicators and adverse sustainability impacts. The Delegated Regulation also sets out regulatory technical standards for the content and presentation of information relating to the promotion of environmental or social characteristics and sustainable investment objectives in pre-contractual documentation.

The Delegated Regulation includes a number of annexes, including a:

• template principal adverse sustainability impacts statement (click here to access Annex I);
• pair of template pre-contractual disclosure for specified financial products (click here to access Annex II, click here to access Annex III);
• aggregate statistical data (click here to access annex IV); and
• template periodic disclosure for specified financial products (click here to access Annex V).

The Delegated Regulation will be subject to scrutiny from both the Council of the EU and the European Parliament. If approved, it is intended to apply from 1 January 2023.

Click here to access the Delegated Regulation.