Regulatory Alerts2025-06-30
ESMA Final Report on 2023-2024 CSA on sustainability risks and disclosures
ESMA issued this final report detailing the results of a 2023-2024 Common Supervisory Action with National Competent Authorities to assess compliance with sustainability risk integration and disclosure rules in the EU investment fund sector. The review identified significant vulnerabilities in SFDR product-level disclosures, including vague language and inconsistencies, as well as gaps in entity-level policies, resources, and remuneration frameworks. ESMA recommends that supervisors continue proactive engagement and enforcement to address these deficiencies and foster a consistent supervisory culture across the EU.
Share