Commission Delegated Regulation (EU) 2022/1288
EA BriefFinance LawFinanceiro
25 July, 2022On 6 April 2022 the Commission adopted Delegated Regulation (EU) 2022/1288, aimed at complementing Regulation (EU) 2019/2088 of the European Parliament and of the Council, on the impacts that investment products offered by financial market actors present, in terms of sustainability factors related to the environment, social and labour issues, respect for human rights and the fight against corruption and bribery.
Financial market participants, such as insurance companies, shall be required to provide information to investors, in a searchable electronic format, on the main negative impacts of their investment products, whose reference periods shall be between 1 January and 31 December of the previous year. Such information shall be published by 30 June of each year, and the definition of the main negative impacts shall be made on at least four specific dates of the reference period.
In addition, financial market players should disclose, on an annual basis, the average sustainability results of their products and an annual comparison of reports covering, as soon as it becomes possible, at least the 5 previous reporting periods.
Financial market participants and financial advisors shall be subject to these obligations from 1 January 2023, the date from which this Regulation becomes applicable.
