15 Sep Commission Welcomes Agreement On Sustainable Investment Disclosure Rules
In the absence of the schedule change, investment managers, pension funds and other “financial market participants” would have had to meet detailed disclosure obligations from the effective date of the FSDS in March 2021. However, the rules on detailed requirements are still being finalised by the European Supervisory Authorities (ESAs), which expect them to be ready by the end of January 2021. The European Commission welcomes today`s political agreement by the European Parliament and EU Member States on new rules on disclosure requirements related to sustainable investments and sustainability risks. BVI, one of many interbranch organisations that have expressed concerns about the timing of the implementation of investor disclosure rules, said the Commission`s approach was “pragmatic”.