DORA Trifecta – Three delegated regulations adopted by the Commission
by Ganado Advocates
23rd April 2024
by Ganado Advocates
4th January 2023
On the 30 September 2022, the European Supervisory Authorities (“ESAs”) published their final report on the draft regulatory technical standards (“RTS”) complementing the Sustainable Finance Disclosure Regulation (“SFDR”). Unbeknownst to many, the RTS (scheduled to come into force on the 1 January 2023) were due yet another upgrade in order to take into account the changes required as a result of Commission Delegated Regulation (EU) 2022/1214 of the 9 March 2022, which – after having given rise to heated debate over the summer months – effectively allows certain fossil gas and nuclear investments to be treated as ‘environmentally sustainable’ under the EU taxonomy.
On the 1 November 2022, the European Commission (having considered the report referred to above) formally adopted a legislative proposal for a new delegated regulation amending the RTS in line with the changes highlighted above (the “Proposal”).
What has changed?
The Proposal amends the contents of the pre-contractual disclosures to be made by financial market participants and/or financial advisors in the context of Article 8 and Article 9 products – principally by altering the reporting templates provided as part of the RTS. The Proposal further clears a number of incorrect references and typos, but does not otherwise radically alter the contents of previous iterations of the RTS.
by Ganado Advocates
23rd April 2024
by Ganado Advocates
4th March 2024
by Ganado Advocates
29th February 2024
by Ganado Advocates
23rd February 2024
by Ganado Advocates
19th February 2024
by Atlas Insurance PCC Ltd
25th January 2024
by Ganado Advocates
22nd January 2024
by Ganado Advocates
6th December 2023
by Bank of Valletta
6th September 2023
by Bank of Valletta
23rd August 2023
by FinanceMalta
14th February 2023
by Ganado Advocates
4th January 2023
by Ganado Advocates
4th January 2023
by Bank of Valletta
21st November 2022
by FinanceMalta
28th October 2022
by Ganado Advocates
27th October 2022
by Ganado Advocates
12th October 2022
by Ganado Advocates
12th October 2022
by Bank of Valletta
11th August 2022
by FinanceMalta
5th August 2022
by The Malta Institute of Accountants
13th May 2022
by FinanceMalta
22nd September 2021