Legal Update of the POLSIF Legal Center - March 2024

🔺 RTS for external auditors of EUGBs: From 26 March to 14 June, ESMA's consultation on the RTS on the registration and supervision of external auditors under the European Green Bond Regulation and the optional disclosure of information on bonds marketed as environmentally sustainable and sustainability-linked bonds is underway. Link: https://lnkd.in/dRuCzZbQ

🔺 EFRAG Advisory Panels: EFRAG Sustainability Reporting TEG has established three new advisory panels for the following sectors: banks, capital markets and insurance institutions. Their aim is to support EFRAG SR TEG in developing sectoral reporting standards for financial institutions. Among the advisors were our members: Maria Krawczyńska-Kaczmarek and Piotr Dmuchowski. Congratulations! Link: https://lnkd.in/dhiCA8KJ

🔺 Banks for Good EU Platform: The Banks for Good EU platform has been launched, allowing consumers to more easily identify European financial institutions that have implemented high sustainability standards. Link: https://lnkd.in/djnnZKrg

🔺 European Climate Risk Assessment: On 11 March, the European Environment Agency published the first report of the European Climate Risk Assessment. The report includes recommendations for the financial sector in the field of climate risk management. Länk: https://lnkd.in/dx4zYDW6

🔺 Reporting standards for SMEs: Until May 21, a public consultation is underway on draft reporting standards for SMEs mandatory for listed SMEs and voluntary for non-listed SMEs. Link: https://cutt.ly/qwMM9YLh

Author: Roksana Kałuzna-Bałazy

‍