On 9 June 2022, the European Commission published a letter it had sent to the chairs of the European Supervisory Authorities (ESAs) concerning amendments to the regulatory technical standards (RTS) under the Sustainable Finance Disclosure Regulation (SFDR).
On 6 April 2022, the Commission adopted a Delegated Regulation containing all 13 draft RTS under the SFDR. On 9 March 2022, the Commission adopted a Complementary Climate Delegated Regulation covering nuclear and fossil gas activities.
In the letter the Commission states that it considers it necessary to make amendments to the SFDR Delegated Regulation to ensure that investors receive information reflecting the provisions set out in the Complementary Climate Delegated Regulation. The ESAs are invited to jointly propose amendments to the RTS in relation to the information that should be provided in pre-contractual documents, on websites, and in periodic reports about the exposure of financial products to investments in fossil gas and nuclear energy activities. These amendments should cover, in particular, pre-contractual and periodic documents or information referred to in Article 6(3) and Article 11(2) SFDR and the product disclosures to be made on websites referred to in Article 10(1) SFDR, for financial products referred to in Article 8(1) to (2a) SFDR and in Article 9(1) to (4a) SFDR.
The letter asks the ESAs to submit their proposed amendments by 30 September 2022.