ESAs consult on Taxonomy-related Product Disclosures
On 17 March 2021 the three ESAs (European Supervisory Authorities: EBA, EIOPA and ESMA) have issued a Consultation Paper seeking input on draft Regulatory Technical Standards (RTS) regarding disclosures of financial products investing in economic activities that contribute to an environmental investment objective. These economic activities are defined by the EU Regulation on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation).
The closing date for responses to the consultation is 12 May 2021. Following the consultation period, the draft RTS will be finalised and submitted to the European Commission. A consumer testing exercise on the amended templates will be conducted in April in the Netherlands and in Poland.
Link to the ESMA Website: ESAs consult on Taxonomy–related product disclosures (europa.eu)