Jurisdiction(s):
Ireland

EU Asset Management Update (May 2025): SFDR Review Call for Evidence, SIU Supervision, PRIIPs KID Q&As, T+1 Transition, and ESMA Listing Act Advice

Published on: 02 June 2025

Published by a LexisNexis Ireland - Banking & Financial Services expert

Legal News

Article summary

European Commission call for evidence on revising the SFDR

On 2 May 2025, the European Commission (the Commission) issued a call for evidence (CfE) to inform an impact assessment within its continuing review of how the Sustainable Finance Disclosure Regulation (SFDR) operates. Through the CfE, the Commission flags a number of weaknesses in the present SFDR framework, drawn from extensive input collected during its wide‑ranging evaluation launched in 2023. That exercise comprised two consultations (one public and one targeted), technical workshops with industry, and outreach to Member States, supervisors and civil society representatives (see our publication here). The Commission notes that, although many stakeholders recognise that the SFDR has improved transparency and given investors access to granular ESG data, they also report that putting the rules into practice is burdensome and expensive. While acknowledging the persistent, broad backing for both the overarching aims of the SFDR and the benefits of a common EU‑level sustainability disclosure framework, the Commission records that a clear majority of stakeholders pointed to constraints within the SFDR that have hindered the framework’s objectives from being fully realised in practice today...

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