On 19 February 2021, the European Banking Authority (EBA) published a final report containing draft regulatory technical standards (RTS) on the determination of indirect exposures to underlying clients of derivative and credit derivative contracts under Article 390(9) of the Capital Requirements Regulation (CRR).Article 390(5) of the CRR, as amended by Regulation (EU) 2019/876, requires . OSTI.GOV Technical Report: Final regulatory impact . ESAs publish final report on draft Regulatory Technical Standards for SFDR . Draft regulatory technical standards on amending Delegated Regulation (EU) 2016/2251 supplementing Date: 04 Feb 2021. 13 RTS a. Draft Implementing Technical Standards concerning a standardised presentation format for the Insurance Product Information Document of . be challenging to prepare a single set of regulatory technical standards at pre-contractual level that would work . Accompanying documents 13 4.1 Draft cost-benefit analysis / impact assessment 13 4.2 Overview of questions for consultation 17 4.3 Feedback on the public consultation 18 Final Report on draft Regulatory Technical Standards. With this… EuR , Philippa List , Ciara O'Leary , Mikhaelle Schiappacasse , Simon Wright Dechert LLP The RTS draft includes proposals on the content, methodology and presentation of disclosures under SFDR.. ESMA, EBA and EIOPA coordinated the input from the consultation papers published in April 2020 and developed a . Final report on draft regulatory technical standards under the Prospectus Regulation. Background . Accompanying documents ESAs final recommendations on SFDR RTS . . Final Report - Draft Regulatory Technical Standards on criteria to identify categories of staff whose professional activities have a material impact on an investment firm's risk profile or assets it manages under Directive (EU) 2019/2034 (IFD) of the European Parliament and of the Council on the prudential supervision of investment firms (EBA/RTS/2021/02) The draft RTS includes regulatory technical standards on: On 22 October 2021 the European Supervisory Authorities (ESAs) published their final report on draft Regulatory Technical Standards (RTS) on the taxonomy-related disclosures for financial products subject to the disclosure requirements under Article 8 and Article 9 Sustainable Finance Disclosure Regulation (SFDR). On 4 February 2021, 1 less than six weeks before the 10 March 2021 date on which the main operative provisions of the Sustainable Finance Disclosure Regulation (SFDR) 2 start to apply, the European Supervisory Authorities (ESAs) published their final report on the draft level 2 regulatory technical standards (the Revised RTS) for the SFDR.In April 2020, the ESAs published draft regulatory . Final Report on draft Regulatory Technical Standards with regard to the content, methodologies and presentation of disclosures pursuant to Article 2a(3), Article 4(6) and (7), Article 8(3), Article 9(5), Article 10(2) and Article 11(4) of Regulation (EU) 2019/2088 JC 2021 03 2 February 2021 Executive Summary 3 2. On September 28, the European Securities and Markets Authority (ESMA) published a final report (Report) containing draft regulatory and implementing technical standards (Standards) on the revised EU Markets in Financial Instruments Directive (MiFID II) and the EU Markets in Financial Instruments Regulation (MiFIR). On 10 December 2019, the European Securities and Markets Authority published a Final Report on the draft Regulatory Technical Standards under Article 25 of the Regulation on European Long-Term Investment Funds to determine the cost disclosure requirements applicable to 'ELTIF' Managers. ESMA: Final Report: Draft regulatory technical standards on settlement discipline under the Regulation No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (CSDR) (ESMA/2016/174) | Practical Law Background and rationale 4 3. The draft Regulatory Technical Standards (RTS) to supplement the Sustainable Finance Disclosure Regulation (SFDR) have been issued by the European Supervisory Authorities (ESAs) and are available here.The RTS are not expected to come into force until 1 January 2022. 462/2013 of 21 May 2013 . Final Report Draft regulatory technical standards on the contractual recognition . The Draft TAR was a technical report, not a decision document, and examined a wide range of issues relevant to the 2022-2025 standards. The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today published a Final Report on technical standards (RTS and ITS) under the EMIR REFIT Regulation. The final report sets out the final draft RTS and implementing technical standards (ITS), which largely follow the versions consulted upon by ESMA in May 2021. Background and rationale 4 3. Final Report (Draft for Public Comments) Monitoring Strategies for Chemicals of Emerging Concern (CECs) in Recycled Water. On 4 February 2021, The European Supervisory Authorities (ESAs) have published their final report and draft Regulatory Technical Standards (RTS) under the Regulation on sustainability-related disclosures in the financial services sector (SFDR). The Draft. 2017-05-08 EPSM - EBA Final Report - Draft Regulatory Technical Standards page 6 of 16 4. On September 28, the European Securities and Markets Authority (ESMA) published a final report (Report) containing draft regulatory technical standards (RTS) and implementing technical standards (ITS) on the new EU Market Abuse Regulation (MAR). On September 28, the European Securities and Markets Authority (ESMA) published a final report (Report) containing draft regulatory and implementing technical standards (Standards) on the revised EU M Draft regulatory technical standards on strong customer authentication and common and secure communication under Directive 2015/2366 (PSD2) 13 4. Next Steps The draft regulatory technical standards will be submitted to the European Commission. Accompanying documents 38 4.1. Adam Olivieri. Highlights of the Draft Technical Assessment Report: Product disclosure in periodic reports: templates are provided in Annexes IV and V in the final report of the ESAs and the draft RTS. On 4 February 2021, the European Supervisory Authorities published a final report containing draft regulatory technical standards (RTS) on the content, methodologies and presentation of sustainability-related disclosures under the empowerments set out in Articles 2a, 4(6) and (7), 8(3), 9(5) and 10(2) and 11(4) of the Sustainable Finance Disclosure Regulation (SFDR). each draft technical standards are outlined. Within the framework of Directive 2011/61/EU of the European Parliament and of the Council of June 8 th 2011 on alternative investment fund managers ("AIFMD"), the European Securities and Markets Authority ("ESMA") issued the Draft regulatory technical standards (the "RTS") on types of AIFMs on April 2 nd 2013.. Document. The proposed RTS aim to strengthen . Cost-benefit analysis and impact assessment 38 4.2. the Draft RTS will be amalgamated with the finalised draft Regulatory Technical . In April 2020, the ESA's requested input from the market via the Joint Consultation paper. Background and rationale The EBA has developed these final draft Regulatory Technical Standards (RTS) in accordance with the mandate in Article 18(9) of Regulation (EU) No 575/2013 (Capital Requirements Regulation - CRR)4, Final report and draft RTS on disclosures under SFDR. The European Supervisory Authorities (ESAs) have developed through the Joint Committee (JC) draft Regulatory Technical Standards (RTS) with regard to the content and presentation of disclosures under Articles 8 (4), 9 (6) and 11 (5) of Regulation (EU) 2019/2088 . Regulatory Technical Standards on securitisation retention rules and Draft Implementing Technical Standards to clarify the measures to be taken in the case of non-compliance with such obligations; Regulatory Technical Standards on the calculation of Kirb in accordance with the purchased receivables approach The final report on the Regulatory Technical Standards for SFDR. The Commission now has three months to decide . Following their joint consultation paper on taxonomy-related disclosures published in March 2021, the European Supervisory Authorities (ESAs) have now issued their final report containing draft Regulatory Technical Standards (the Draft RTS) with respect to the content and presentation of disclosures which will apply to investment funds falling within the scope of the detailed . 3 Directive 2003/71/EC 4 Regulation (EU) No. Key Takeaways from the ESA Final Report on Draft Regulatory Technical Standards under the Taxonomy Regulation . 2.2 ESMA publishes final report on draft ITS under Cross Border Distribution Regulation On 29 January 2021, ESMA published its final report on draft implementing technical standards (ITS) under the Regulation on cross-border distribution of funds ((EU) 2019/1156) (Cross Border Distribution Regulation)(Report). . The RTS aims to clarify the concepts of "AIFM of open-ended AIF(s)" and . On 1 February 2021, the European Securities and Markets Authority (ESMA) published its final report and draft of the implementing technical standards (ITS) under Regulation EU/2019/1156 on the facilitation of cross-border distribution of collective investment undertakings. As previously trailed, firms will be expected to comply with the primary legislation on a best efforts basis from 10 . MiFID II and MiFIR require ESMA to develop a multitude of Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS). Recurring Payments, Art. This Paper. The European supervisory authorities, EBA, EIOPA and ESMA, have now presented the final report including draft regulatory technical standards (RTS) to the European Commission. The Sustainable Finance Disclosure Regulation (SFDR) 1 empowered the European Supervisory Authorities (ESAs) 2 to develop draft regulatory technical standards (RTS) on taxonomy-related product disclosures.On 15 March 2021, the ESAs published a consultation paper on draft regulatory technical standards regarding the content and presentation of sustainability disclosures pursuant to Article 8(4 . Earlier this year, the European Supervisory Authorities (ESAs) published a final report containing draft regulatory technical standards (RTS) on the content, methodologies and presentation of sustainability-related disclosures under the empowerments set out in Articles 2a, 4(6) and (7), 8(3), 9(5) and 10(2) and 11(4) of the Sustainable Finance Disclosure Regulation (SFDR). The Commission has three months to decide whether to endorse the regulatory technical standards. Final Report on draft Regulatory Technical Standards The European Supervisory Authorities (ESAs) have developed through the Joint Committee (JC) draft Regulatory Technical Standards (RTS) with regard to the content, methodologies and presentation of sustainability-related disclosures under empowerments Articles 2a, 4(6) and (7), 8(3), 9(5), 10 . ESMA: Final report: Draft Regulatory and Implementing Technical Standards MiFID II/MiFIR (ESMA/2015/1464) Practical Law Resource ID 8-619-0764 (Approx. On 31 July 2018, the European Banking Authority (EBA) published its final report on draft regulatory technical standards (RTS) on cooperation between competent authorities in home and host Member States in the supervision of payment institutions (PIs) operating on a cross-border basis under the Payment Services Directive (PSD2) (RTS on Cooperation). The draft Regulatory Impact Analysis document is the first volume of a two-volume set that was prepared by EPA to fulfill the objectives of Title . Final report on draft regulatory technical standards under the Prospectus Regulation On 4 February 2021, the European Supervisory Authorities published a final report containing draft regulatory technical standards (RTS) on the content, methodologies and presentation of sustainability-related disclosures under the empowerments set out in Articles 2a, 4(6) and (7), 8(3), 9(5) and 10(2) and 11(4) of the Sustainable Finance Disclosure Regulation (SFDR). The European Banking Authority (EBA) publishes today its final draft Regulatory Technical Standards (RTS) on gross jump-to-default (JTD) amounts and on residual risk add-on (RRAO). Draft regulatory technical standards; 4. The draft RTS specify the information that the originator, sponsor and Securitisation Special Purpose Entity are required to provide in order to This follows the ESAs' consultation paper issued in March 2021. Final Report on draft SFDR Regulatory Technical Standards The European Supervisory Authorities (ESAs) just published the final Regulatory Technical Standards — today — regarding the content and presentation of disclosures, pursuant to Article 8(4), 9(6) and 11(5) of the Sustainable Finance Disclosure Regulation (SFDR). 2 pages) Ask a question In addition, the Taxonomy Regulation will impose additional obligations . Executive summary 3 2. FINAL REPORT ON AMENDING THE REQUIREMENTS FOR RISK-MITIGATION TECHNIQUES FOR OTC-DERIVATIVE CONTRACTS NOT CLEARED BY A CCP WITH REGARD TO PHYSICALLY SETTLED FOREIGN EXCHANGE FORWARDS . ESMA has published its final report on draft regulatory technical standards under the new Prospectus Regulation (Regulation 2017/1129) concerning key financial information in the prospectus summary, advertisements, supplements and publication of the prospectus. The European Supervisory Authorities (ESAs) have developed through the Joint Committee (JC) draft Regulatory Technical Standards (RTS) with regard to the content, methodologies and presentation of sustainability-related disclosures under empowerments Articles 2a . The final report on the Regulatory Technical Standards for SFDR. Final report - Draft Regulatory Technical Standards on the determination of indirect exposures to underlying clients of derivative and credit derivative contracts under Article 390(9) CRR2 (EBA/RTS/2021/03) 1. These RTS, which were mandated under the revised Payment Services Directive (PSD2) and developed in close cooperation with the European Central Bank (ECB), pave the way . The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on strong customer authentication and common and secure communication. Accompanying documents 10 4.1 Draft cost-benefit analysis/impact assessment 10 4.2 Views of the Banking Stakeholder Group 13 4.3 Feedback on the public consultation 13 . ESAs publish final report on draft Regulatory Technical Standards for SFDR Arne Bolch , Angelo Lercara LL.M. Executive summary; 2. This follows the ESAs' consultation paper issued in March 2021. (b) of the draft RTS exempts PSPs from the application of strong customer authentication where the payer initiates a series of payment transactions with the same These final draft RTS provide technical specifications for the implementation of these two elements of the alternative standardised approach for market risk. On 31 August 2015, ESMA issued its final consultation paper (seehere), containing draft implementing technical standards in relation to the suspension and removal of financial instruments from trading, information requirements for data reporting services providers, and position reporting.On 28 September 2015, ESMA issued further draft technical . On September 28, the European Securities and Markets Authority (ESMA) published a final report (Report) containing draft regulatory and implementing technical standards (Standards) on the revised . A short summary of this paper. FINAL REPORT ON RTS ON THE METHODS OF PRUDENTIAL CONSOLIDATION 5 2. emission standards for 1987 and later-model year light duty trucks and the NOx and particulate standards for 1987 and later-model year heavy . This final draft RTS aims to create a "single rulebook . The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) have delivered to the European Commission (EC) their Final Report with draft Regulatory Technical Standards (RTS) regarding disclosures under the Sustainable Finance Disclosure Regulation (SFDR) as amended by the Regulation on the establishment of a framework to facilitate sustainable investment (Taxonomy Article 11(2) of the regulation provides a list, per type of FMP, in which type of periodic report an FMP needs to disclose information. ESMA publishes draft technical standards under EMIR REFIT. Draft regulatory technical standards 5 4. Overview. Document. Content of Draft Regulation Text Article 13 1. In April 2020, the ESA's requested input from the market via the Joint Consultation paper. Following an unprecedented number of responses, the latest draft regulatory technical standards ("RTS"), supplementing the Sustainable Finance Disclosure Regulation, make some helpful concessions for certain obligations but overall we expect that firms will have to undertake significant uplifts for 1 Jan 2022 and a number of key implementation questions still remain outstanding. On 17 December 2020, the European Securities and Markets Authority (ESMA) published a final report containing technical standards on reporting, data quality, data access and registration of trade repositories under EMIR REFIT.The layout of the final report is as follows: Section 1 contains the list of legislative references and abbreviations used in the report. JC/2017/79 18/12/2017 . Link to final report on draft Regulatory Technical Standards on major shareholdings and indicative list of financial instruments subject to notification requirements under the revised Transparency Directive published by ESMA on 29 September 2014. 3. Draft regulatory technical standards 7 4. On 18 June 2020 the European Banking Authority ('EBA') published its final draft Regulatory Technical Standard ('RTS') on the identification of Material Risk Takers under the Capital Requirements Directive. FINAL REPORT - REVISED RTS ON CREDIT RISK ADJUSTMENTS 2 ontents 1. Following the consultation paper of last year (see . Draft Technical Assessment Report (TAR) EPA, NHTSA, and CARB jointly issued a Draft TAR for public comment in July 2016. The European Supervisory Authorities have released updated Joint Draft Regulatory Technical Standards to amend the Delegated Regulation on the Risk Mitigation Techniques for Non-Cleared Over The Counter Derivatives (bilateral margining), as well as a Joint Statement on the introduction of fall backs in Over The Counter Derivative Contracts and the requirement to exchange collateral. FINAL REPORT ON THE RTS ON THRESHOLD MONITORING 2 ontents 1. The final report also includes in the annexes the draft technical standard and a cost-benefit analysis. Final report - Draft Regulatory Technical Standards on classes of instruments that adequately reflect the credit quality of the investment firm as a going concern and possible alternative arrangements that are appropriate to be used for the purposes of variable remuneration (EBA/RTS/2021/01) 1. Background and rationale; 3. Final Report on draft Regulatory Technical Standards. 37 Full PDFs related to this paper. Views of the Banking Stakeholder Group 43 4.3. The European Supervisory Authorities (the "ESAs") have published their much anticipated final report on the draft level 2 regulatory technical standards (the "Draft RTS") for the Sustainable Finance Disclosure Regulation ("SFDR"). Date: 22 Oct 2021. Feedback on the public consultation and on the opinion of the BSG 44 EBA: Final report: Final Draft Regulatory Technical Standards correcting Delegated Regulation (EU) No 528/2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for non-delta risk of options in the standardised market risk approach and correcting Delegated Regulation (EU) No 604/2014 supplementing Directive . On 22 October 2021, the final draft rules for financial product disclosures under the Sustainable Finance Disclosure Regulation (SFDR) were published by the European Supervisory Authorities (ESAs) in their 'Final Report on Draft Regulatory Technical Standards' (final draft RTS). Now, with the final Regulatory Technical Standards (RTS) available it is time to give you an update; what has changed in the final RTS compared to the draft version from 2020?