ESAs publish consolidated Q&A on SFDR implementation
The European Supervisory Authorities (the European Securities and Markets Authority, the European Banking Authority and the European Insurance and Occupational Pensions Authority or ESAs) have published a consolidated questions and answers document on the Sustainable Finance Disclosure Regulation (SFDR) (Regulation (EU) 2019/2088) and its Delegated Regulation (Commission Delegated Regulation (EU) 2022/1288). This document integrates European Commission interpretations of EU law with ESA guidance on practical application. It addresses issues such as scope, definitions of sustainable investments, principal adverse impact disclosures, financial product disclosures, multi-option products, taxonomy alignment, and financial adviser obligations.