The European Commission’s widespread review of the Sustainable Finance Disclosure Regulation (SFDR) has been embraced by the industry, despite signs of irritation at a potential unraveling of measures managers have already put in place to meet current requirements.
The regulator set out a 44-page questionnaire for its consultation last night (14 September) to gather a range of feedback on current SFDR requirements and its interactions with other sustainable finance legislation. The Commission will also consider if any changes are warranted to make the regulations more effective, which include the possible scrapping of Article 8 and Article 9 product labelling. Eversheds Sutherland partner, financial services Phil Spyropoulos explained that the Commission had the power "to really reshape the SFDR, rather than just tweaking technical requirements"...
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