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ARTICLE · 19 DECEMBER 2022

ESAs' Q&A On Sustainability-Related Disclosures

Arendt & Medernach
Arendt & Medernach
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The Q&A has been published in response to clarifications sought by financial market participants ("FMPs") on the disclosure requirements imposed under the RTS.

LuxembourgFinance and Banking
Stéphane Badey
Stéphane Badey
Isabelle Lebbe
Isabelle Lebbe
Emmanuelle Mousel
Emmanuelle Mousel
Antoine Peter
Antoine Peter
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The Q&A has been published in response to clarifications sought by financial market participants ("FMPs") on the disclosure requirements imposed under the RTS.

Scope

The Q&A covers six key topics:

  1. Current value of all investments in PAI and Taxonomy-aligned disclosures
  2. PAI disclosures
  3. Financial product disclosures
  4. Multi-option products
  5. Taxonomy-aligned investment disclosures
  6. Financial advisers and execution-only FMPs

Key points

Some of the most notable elements of the Q&A include the following:

  • Interpretation of the concept of "current value of all investments" in PAI and Taxonomy-aligned disclosures
    According to the Q&A, the basis used to calculate the "current value of all investments" in the PAI indicators should be consistent with the definition of the "investee company's enterprise value".

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