top of page
  • Writer's pictureDeborah

On November 17, by the European Securities and Markets Authority (“ESMA”), published the Questions and Answers ("Q&A") on the SFDR Delegated Regulation RTS (Commission Delegated Regulation (EU) 2022/1288) prepared by the three European Supervisory Authorities (EBA, EIOPA and ESMA).


The Q&A provide clarity on the following:

  1. Meaning of current value

  2. What the terms "all investments" should encompass. The elements to be taken into account for Principal Adverse Impact (PAI) calculations & Taxonomy-alignment calculation.

  3. Disclosure of short positions with regard to PAI disclosures.

  4. PAI disclosures: including but not limited to products that are partly taxonomy-aligned, products with 100% non-Taxonomy compliant climate objectives, issues related to lack of data, review by the third party…).

Recent Posts

See All

The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. SOFR is the overnight interest rate for US dollar-denomina

13/06/2023 - Canadian Securities Administrators (CSA) SEDAR+ go-live date. All issuer filings, cease trade orders and disciplined list entries will be filed in SEDAR+ 16/06/2023 - OSFI consultation pe

On May 11, the Bank for International Settlements (BIS) published a Handbook on how central bank digital currencies (CBDCs) could work for offline payments, defined as a “transfer of value between dev

bottom of page