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ARTICLE · 07 OCTOBER 2022

European Supervisory Authorities Publishes 2023 Work Programme

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On September 30, the Joint Committee of the European Supervisory Authorities ("ESAs") (being the EBA, EIOPA and ESMA) published its work programme for 2023 (dated 5 September 2022)...

European UnionFinance and Banking

On September 30, the Joint Committee of the European Supervisory Authorities ("ESAs") (being the EBA, EIOPA and ESMA) published its work programme for 2023 (dated 5 September 2022) (JC 2022 28). The stated priorities include workstreams relating to Consumer Protection and Financial Innovation, Sustainable Finance, Cross Sectoral Risk Assessment, Securitisation and Digital Operational Resilience.

Of particular note were:

  • Sustainable Finance. The ESAs intend to submit amendments to the adopted Commission Delegated Regulation (C(2022) 1931)(the "SFDR Delegated Regulation") supplementing the Sustainable Finance Disclosure Regulation ((EU) 2019/2088) ("SFDR"). These amendments will be to the Regulatory Technical Standards ("RTS") laid down in the SFDR Delegated Regulation relating to sustainability indicators in relation to adverse impacts (whether streamlining, extending, refining and considering improvements definitions, applicable methodologies, metrics and

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