This summer, the European Commission has formally requested the technical advice from the EU’s main financial supervisory bodies on how to integrate sustainability across its main financial markets legislation.
On the 24 July 2018, a letter from Olivier Guersent, Director-General for Financial Stability, Financial Services and Capital Markets Union, was sent to the heads of EIOPA and ESMA, respectively the European Insurance and Occupational Pensions Authority and European Securities and Markets Authority to provide technical advice supplementing the initial package of proposals and to advise the Commission on potential amendments to, or introduction of, delegated acts under, the Insurance Distribution Directive and the Solvency II Directive with regard to the integration of sustainability risks and sustainability factors.
In order to adequately prepare, EIOPA is now launching a process to involve all market participants and stakeholders by seeking their input to build up a suitable “evidence base” for the thorough development of robust policy recommendations.
This survey, which closes on the 3 October 2018 close of business, represents a great opportunity to support EIOPA to contribute to the European Commission Action Plan on Sustainable Finance.
Find out more about giving your contribution here.