On 7 October 2024, the Joint Committee of the European Supervisory Authorities (ESAs) issued its work programme for 2025.
Among other things the work programme notes that the ESAs will focus on:
- The EU Digital Finance Package. In particular, the ESAs will focus on the set-up and operationalisation of the EU-wide Oversight Framework for ICT Critical Third-Party Providers and will launch in 2025 new oversight activities in accordance with the Digital Operational Resilience Regulation.
- The Sustainable Finance Disclosure Regulation (SFDR). The ESAs will also continue to play a significant role under the SFDR and in 2025 they will contribute more guidance, including through Q&As on sustainability disclosures under the SFDR Delegated Regulation and a report on the reporting of principal adverse impacts under Article 18 of the SFDR. In addition, the ESAs may also start working on new technical standards concerning ESG rating disclosures which are introduced into Article 13 of the SFDR by the recent agreed Regulation on ESG Ratings.