The European Parliament provided their final approval on the extension of the Pre-Contractual and Periodic Disclosures on February 17th, 2023 and the new RTS Annexes were published in the EU Official Journal.
As announced in our initial newsletter on this topic, the changes include:
- A yes/no question to identify that a product intends to invest in gas and/or nuclear taxonomy-aligned activities.
- If the product intends to invest in such activities, the graphical representation will require the identification of the relevant proportions as shown in the screenshot below. If the product does not intend to invest in such activities, such breakdowns are not required and the existing graphical representations from the already published version of Commission Delegated Regulation (EU) 2022/1288 should be used instead.
- A footnote was added to the yes/no question to provide an indication of certain conditions under which such activities are aligned with the EU taxonomy. Analogue changes are inserted in the templates for periodic disclosures as well.
Screenshot from Annex I – template for pre-contractual disclosure for Art. 8 products:
cleversoft Services
- Pre-contractual disclosures: The template has already been extended and is now available for our SFDR clients to test on the testing environment in the next two days until 22.02.
We will roll the new templates on the productive environment on 22.02 EoB. In our newsletter, you will find the latest version of the Narratives File, which now includes new narratives fields for the new section about fossil gas and nuclear energy.
- Periodic Disclosures: The template has already been extended and it will be available for our SFDR clients to test on the testing environment starting from Monday, February 27th, 2023. We have set this date for the periodic disclosure, in order to minimize any impact on the official testing phase.
If you have any questions or suggestions regarding this notification, do not hesitate to contact us.