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In brief

This alert discusses the Commission’s most recent consultation on the EU Sustainable Finance Disclosure Regulation (SFDR), which: 

  • Provides the market with a roadmap as to how the SFDR regime is likely to evolve; 
  • Considers weaknesses in the current regulatory framework; and
  • Invites market views on some of the more controversial aspects of the regime.

Given the sweeping reforms that the Commission hints at in its consultation, this topic will be of interest to both EU firms and non-EU firms that have some touchpoint with the EU, whether that is through marketing funds under an NPPR regime, or using EU intermediaries to distribute financial products to end-investors. 


Click here to read the full report.

Author

Caitlin McErlane is a partner in Baker McKenzie’s Financial Services & Regulatory Group in the London office. Caitlin's practice focuses on advising a range of global financial institutions on complex and high value regulatory matters. She advises banks, major corporates, payment institutions and asset managers on navigating UK and EU financial services regulation. She has particular experience in advising clients on regulatory implementation projects, day-to-day compliance issues, and regulatory issues arising in the context of large-scale transactions. She also expertise in the areas of banking and wholesale financial markets regulation, in particular in the FX and fixed income space, alongside experience advising market infrastructure providers, including major international exchanges, trading platforms, clearing systems and payment services providers, on a variety of compliance issues. Caitlin is also a member of the Baker's ESG and sustainability taskforce, and advises a range of clients on the drafting and implementation of ESG policies and the implications of becoming a signatory to the UNPRI and the Stewardship Code. Caitlin is an authority on regulatory reforms in the sustainability space and sits on a number of trade association working groups. She has recently been interviewed by Climate Action on her work and is a frequent speaker on the subject.

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