Regulatory Alerts2026-03-12
Added · Updated
Commission Delegated Regulation (EU) 2026/544 on regulatory technical standards for external reviewers of European Green Bonds
The European Commission adopts regulatory technical standards specifying the criteria for assessing the appropriateness, adequacy, and effectiveness of systems, resources, and procedures employed by external reviewers of European Green Bonds. The regulation mandates that external reviewers maintain robust internal controls, independent compliance functions with sufficient resources and access to information, and sound administrative and ICT risk management frameworks. It further establishes detailed criteria for the quality and reliability of information used in reviews and defines the specific information, form, and content requirements for applications submitted to ESMA for the recognition of third-country external reviewers.