EUSIPA has filed the sector’s response to the consultation launched by the EU Commission on the practical impact of the SFDR rules and any need for their substantial recast. In our statement we plead for integrating into any new SFDR ruleset all relevant ESG ranking methodologies currently in use for financial products, most notably those established under MIFID/IDD provisions in both quantitative and qualitative terms, but extending this also, for example, to any ESG nomenclature coming live under a future revision of the current PRIIPs rules. Doing the before effectively would pave the way for finally integrating also structured securities into the scope of the recast SFDR thus ensuring the aimed at level playing field in EU’s retail markets at the end of ESG disclosure.
The full statement can be found under below link.