On 5 March 2026, the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) issued a Call for Advice inviting the European Supervisory Authorities to develop technical advice to inform the review of the Disclosures Delegated Act (Commission Delegated Regulation 2021/2178) under the Taxonomy Regulation.
The DG FISMA states that the advice should mainly focus on the following key performance indicators (KPIs) provided in the Disclosures Delegated Act: the Operational Expenditure KPI of non-financial firms, Commissions and Fees KPI and Trading Book KPI of credit institutions, and the Underwriting KPI of Insurance/Re-insurance Undertakings. In addition, ESAs could advise whether other targeted technical amendments to the Disclosure Delegated Act are necessary to simplify and enhance the usability of Taxonomy reporting.
The DG FISMA asks for the advice to be delivered by October 2026.
The content of the advice should be adequate to assist the Commission in drafting possible amendments to the Disclosures Delegated Act and inform it about the impacts, costs and benefits of those amendments. The Commission intends to adopt those amendments in Q1 2027.