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European Supervisory Authorities Launch Consultation on Disclosure Regulation

Client memorandum | May 29, 2020

Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector came into force on 29 December 2019. Its operative provisions will generally apply to ‘financial market participants’ from 10 March 2021. The Regulation prescribes certain disclosures that these firms will need to make to end-investors, with the aim of providing these investors the tools to make informed investment decisions from a sustainability perspective.
 
While focussed largely on EU firms, the Regulation may also apply to certain U.S. and other non-EU fund managers and advisers. The extent to which a particular non-EU firm will be caught by the requirements will depend on the firm’s nexus with the EU.

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