Kirkland & Ellis International LLP
10 Experts
3 Contributions by Kirkland & Ellis International LLP Experts
![EU SFDR 2022 Regulatory Technical Standards: FAQs on Article 8/9 classification, PAI/PASI data and templates, periodic disclosures, Taxonomy alignment, exclusions, and non-EU AIFM entity-level obligations [Archived]](images/default-source/pa-pool/10.tmb-small.jpg)
PRACTICE NOTES
ARCHIVED: This Practice Note has been archived and is not maintained.
These Q&As respond to the most common queries on the EU Sustainable Finance Disclosure Regulation (EU SFDR) (Regulation (EU) 2019/2088, as amended by Regulation (EU) 2020/852) regulatory technical standards (RTS). They address, among other areas, product categorisation; Article 8 features; principal adverse impact (PAI) data gathering; reliance on third-party information; human rights due diligence, and the effect on non-EU managers. On 6 April 2022, the Commission approved the final Regulatory Technical Standards (RTS) that supplement the EU Sustainable Finance Disclosure Regulation (EU SFDR) (Regulation (EU) 2019/2088, as amended by the EU Taxonomy Regulation (EU) 2020/852) together with the Annexes. EU SFDR imposes substantial environmental, social and governance (ESG) disclosure duties on asset managers promoting funds within the EU. The RTS set out compulsory website, pre-contractual and periodic reporting templates for financial market
EU Law
PRACTICE NOTES
ARCHIVED : This Practice Note has been archived and is not maintained.
These Q&As address many of the most common queries on consultations relating to the EU Sustainable Finance Disclosure Regulation (SFDR), covering proposed adjustments to the delegated regulations and the SFDR review (SFDR II).
There are a number of ongoing consultations on SFDR—are material changes expected?
In 2023, numerous consultations on Regulation (EU) 2019/2088 (EU SFDR) took place, including an assessment of the SFDR Delegated Regulation (which contains the regulatory technical standards) (Commission Delegated Regulation (EU) 2022/1288, as amended) concentrating on revisions to the principal adverse impacts (PAI) regime and specific financial product disclosures, alongside a targeted and public consultation seeking feedback on amendments to the EU SFDR itself (EU SFDR II).
Possible outcomes may feature updated templates, stricter obligations for data collection and diligence on negative externalities, and potentially changes to the Article 8 and
Financial Services
PRACTICE NOTES
ARCHIVED : This Practice Note has been archived and is not maintained.
These Q&As address many of the most common queries on the EU Sustainable Finance Disclosure Regulation (EU SFDR) regulatory technical standards (RTS) (Regulation (EU) 2019/2088, as amended by Regulation (EU) 2020/852).
Product categorisation
Article 8 features
Principal adverse impacts (PAI) data gathering
Reliance on third-party data
Human rights due diligence
Implications for non-EU managers
On 6 April 2022, the European Commission signed off the final RTS and their Annexes supplementing the EU SFDR (Regulation (EU) 2019/2088, as amended by the EU Taxonomy Regulation (EU) 2020/852).
EU SFDR places substantial ESG transparency duties on asset managers offering funds in the EU.
The RTS set out compulsory website, pre-contractual and periodic reporting templates for financial market participants and covered financial products.
For further details, see Commission publishes adopted RTS
Financial Services
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