ARTICLE
18 September 2023

Implementation Of SFDR – European Commission Launches Consultation

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Ganado Advocates

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Ganado Advocates is a leading commercial law firm with a particular focus on the corporate, financial services and maritime/aviation sectors, predominantly servicing international clients doing business through Malta. The firm also promotes other areas such as tax, pensions, intellectual property, employment and litigation.
On 14 September 2023, the European Commission launched a public consultation as well as a targeted consultation to seek feedback on the implementation of the Sustainable Finance Disclosure Regulation...
Malta Finance and Banking

On 14 September 2023, the European Commission launched a public consultation as well as a targeted consultation to seek feedback on the implementation of the Sustainable Finance Disclosure Regulation("SFDR").

The public consultation is addressed to a broad range of stakeholders and deals with SFDR as it currently is today, as well as the potential issues that stakeholders might face when implementing it, namely data challenges, implementation costs and potential greenwashing considerations, amongst others.

The targeted consultation seeks feedback from financial market participants on the actual disclosure requirements, with particular reference to the format, content and timing of such disclosures. It also encompasses the marketing and investor documentations of the financial products and provides options for the establishment of a categorisation system for financial products.

Both consultations will run until 15 December 2023.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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