ESMA takes aim at ‘undue costs’ for investors

The European Securities and Markets Authority (ESMA) has set out to clarify the legislation provisions of the UCITS Directive and the AIFMD around ‘undue costs’. The regulator offered its thoughts in this 33-page document, outlining where it sees room for clarification. “ESMA is of the view that, as a first step, the Commission should clarify […]

SFDR disclosure framework comes under further scrutiny

The European Supervisory Authorities (ESAs) have issued a joint consultation paper on the Delegated Regulation of the Sustainable Finance Disclosure Regulation (SFDR). The 158-page report – co-written by the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) – contains a raft of proposed […]

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