On 6 May 2026, the European Securities and Markets Authority (ESMA) issued a public statement presenting the results of its Common Supervisory Action (CSA) on MiFID II sustainability aspects.
The statement summarises the results of the CSA, it highlights the key themes emerged from the work and, in this context, it
3 March – 3 April 2026
Introduction
ESG is changing the landscape for financial institutions as stakeholders, including investors, increasingly expect them to make their operations more sustainable.
Financial services regulators also view ESG as a priority, embedding the principles of climate-related financial risks into their supervisory frameworks and dealing with greenwashing issues.
There is
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
On 30 January 2026, the Financial Conduct Authority (FCA) published a consultation paper setting out proposals to evolve its rules in relation to listed companies’ sustainability disclosures (CP26/5).
Background
The FCA highlight in CP26/5 that there are already rules for listed companies’ sustainability disclosures that are aligned with the Task Force
On 30 December 2025, there was published in the Official Journal of the EU, Commission Notice on the application of the sustainable finance framework and the Corporate Sustainability Due Diligence Directive to the defence sector. The Notice is intended to help market operators ensure compliance with the requirements of the EU sustainable finance framework in
On 14 January 2026, the European Securities and Markets Authority (ESMA) issued a thematic note on sustainability-related claims, focusing on ESG strategies.
The thematic note contains four principles for making sustainability claims to ensure that all claims are clear, fair, and not misleading and thereby avoid the risk of greenwashing. The principles do
On 8 January 2026, there was published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2026/73 of 4 July 2025 amending Delegated Regulation (EU) 2021/2178 as regards the simplification of the content and presentation of information to be disclosed concerning environmentally sustainable activities and Delegated Regulations (EU) 2021/2139 and (EU) 2023/2486 as
On 17 December 2025, the European Commission approved in principle a draft Commission Notice on the interpretation and implementation of certain legal provisions of the Disclosures Delegated Act (Commission Delegated Regulation (EU) 2021/2178 of 6 July 2021) under Article 8 of the EU Taxonomy Regulation (Regulation (EU) 2020/852), as amended by the Omnibus Delegated Act
On 18 December 2025, there was published on legislation.gov.uk The Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025 together with an explanatory memorandum.
This Order brings the provision of an ESG rating into regulation under the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (RAO), by